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Why are free market economies able to attain economic growth? A. Consumers can purchase all the goods they need, which causes firms to produce more. B. Competition encourages innovation, which
causes growth. C. Everyone is acting in their own self-interest, which motivates market growth. D. Firms keep producing incentives to encourage households to purchase more goods.
C. Everyone is acting in their own self-interest, which motivates market growth.
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Asked 10/4/2012 4:02:31 AM
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Questions asked by the same visitor
A socialist believes that wealth should be spread evenly throughout society. What characteristic of socialism is designed to achieve this goal? A. The government controls the centers of economic power. B. Central planners make all decisions about the economy. C. The government stays out of the economy. D. Consumers use their purchasing power to influence production.
Weegy: b.Central planners make all decisions about the economy. User: The following lists are nations with mixed economies. In which list is the free market most dominant? A. France, Canada, South Africa, United Kingdom B. United States, United Kingdom, Singapore, Hong Kong C. Cuba, Greece, China, United States D. Russia, Peru, France, Canada Weegy: The answer is B. United States, United Kingdom, Singapore, Hong Kong. User: Which of the following is the main incentive for a manufacturer to sell a product? A. making profits on sales B. putting others out of business C. pleasing the consumer D. helping the economy grow Weegy: A. making profits on sales User: What do people supply in return for factor payments? A. innovation, profit, or goods B. land, labor, or capital C. services, goods, or traditions D. innovation, labor, or trade Weegy: people supply in return B. land, labor, or capital in return for factor payments (More)
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Expert Answered
Asked 10/4/2012 4:08:30 AM
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To improve its standard of living, a nation’s economy must A. remain stable. B. grow through innovation. C. reach economic equity. D. allow the central government to make economic decisions.
Weegy: B. grow through innovation. User: Which of the following results from having a nation having conflicting economic goals? A. the nationalizing of some industries B. the need to rank choices in order of importance C. the need for economic safety nets D. government regulation of domestic industries Weegy: b) the need to rank choices in order of importance User: What is one advantage of a centrally planned economy? A. low unemployment due to guaranteed jobs B. high levels of consumer satisfaction C. quick adjustment to changing conditions D. incentives for workers have new ideas Weegy: A. low unemployment due to guaranteed jobs User: Why are free market economies able to attain economic growth? A. Consumers can purchase all the goods they need, which causes firms to produce more. B. Competition encourages innovation, which causes growth. C. Everyone is acting in their own self-interest, which motivates market growth. D. Firms keep producing incentives to encourage households to purchase more goods. Weegy: Competition encourages innovation, which causes growth. (More)
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Asked 10/4/2012 3:56:54 AM
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