In a market system, what provides individuals the information needed to make decisions?
A. insurance
B. prices
C. patents
D. government
Answer: B
Economics
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In a market system, what provides individuals the information needed to make decisions?
A) insurance B) government C) patents D) prices
Economics
The payment received by suppliers of entrepreneurial skills is called wages
Indicate whether the statement is true or false
Economics
Slope will vary along a curve (as opposed to a straight line).
Answer the following statement true (T) or false (F)
Economics
An increase in the number of firms in a perfectly competitive market causes:
A. a movement along the market supply curve. B. an increase in the market supply curve. C. a decrease in the market supply curve. D. an increase in each firm's supply curve.
Economics