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Consumers sometimes choose to purchase a similar but lower cost item to avoid paying a higher price. The company who raised prices will usually see their profits decline as a result. What most changes consumer behavior?
The Middle and Southern colonies had soil and climate that favored an agricultural economy.
Freedom of expression
Library
The number of automobiles produced increased.
Logging and lumber industry
Increased prices
Human resources
Competition offers consumers the best products at the lowest prices.
Providing public goods and services promotes the common good and safety of all citizens. Which is an example of a public good or service provided by the government in a market economy?
The Middle and Southern colonies had soil and climate that favored an agricultural economy.
Freedom of expression
Library
The number of automobiles produced increased.
Logging and lumber industry
Increased prices
Human resources
Competition offers consumers the best products at the lowest prices.
Which individual right is most supported by outlawing employment discrimination?
The Middle and Southern colonies had soil and climate that favored an agricultural economy.
Freedom of expression
Library
The number of automobiles produced increased.
Logging and lumber industry
Increased prices
Human resources
Competition offers consumers the best products at the lowest prices.
Select one pull factor that encouraged people to move to Michigan during the 1800’s
The Middle and Southern colonies had soil and climate that favored an agricultural economy.
Freedom of expression
Library
The number of automobiles produced increased.
Logging and lumber industry
Increased prices
Human resources
Competition offers consumers the best products at the lowest prices.
Why did the fishing and shipbuilding industry not develop in the Middle and Southern Colonies?
The Middle and Southern colonies had soil and climate that favored an agricultural economy.
Freedom of expression
Library
The number of automobiles produced increased.
Logging and lumber industry
Increased prices
Human resources
Competition offers consumers the best products at the lowest prices.
How do consumers most benefit from a market economy?
The Middle and Southern colonies had soil and climate that favored an agricultural economy.
Freedom of expression
Library
The number of automobiles produced increased.
Logging and lumber industry
Increased prices
Human resources
Competition offers consumers the best products at the lowest prices.
Which of the following best describes how the division of labor using the assembly line impacted the automobile industry?
The Middle and Southern colonies had soil and climate that favored an agricultural economy.
Freedom of expression
Library
The number of automobiles produced increased.
Logging and lumber industry
Increased prices
Human resources
Competition offers consumers the best products at the lowest prices.
Luis is going to open a pizza restaurant, but he will not work there. He has rented a building and bought tables, chairs, and ovens. He purchased the ingredients and tools needed to make pizza. Which element needed to make pizza is still missing?
The Middle and Southern colonies had soil and climate that favored an agricultural economy.
Freedom of expression
Library
The number of automobiles produced increased.
Logging and lumber industry
Increased prices
Human resources
Competition offers consumers the best products at the lowest prices.
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