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