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If there is only a single seller or supplier in a market, this is called __________.A. competition B. collusion C. commander D. monopoly User: Where does all the buying, selling, supply, and demand for a product take place?A. buying place B. selling place C. store D. market User: What is the economic term that describes international trade that is not controlled or affected by any legal restrictions?A. free trade B. unrestricted trade C. mercantilism D. chaos
Weegy: A. free trade User: History and experience have shown that economies become most efficient at converting resources into desired products when there is __________. A. government market regulation B. strong armies C. competition D. democratic governments Weegy: C. competition User: In a market economy, what is TRUE of all trade? A. It is expensive. B. It is voluntary. C. It is ordered by the government. D. It is forced by the seller. Weegy: B. It is voluntary. User: If one nation becomes more efficient than another nation at producing a specific product, the more efficient nation is said to have __________.A. better resources B. more capital C. determination D. a comparative advantage Weegy: D. a comparative advantage (More)
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Expert Answered
Updated 10/15/2012 12:16:32 PM
1 Answer/Comment
Please review the basic rules
Please answer questions in a sentence, restating the question as part of the answer.
Added 10/15/2012 12:16:32 PM
What is the goal of all economic decisions in a market economy? A. profit minimization B. benefit maximization C. free enterprise D. democracy
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Updated 1/31/2013 11:55:50 AM
1 Answer/Comment
B. benefit maximization
Added 1/31/2013 11:55:50 AM
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