Question and answer
In economics, a free market is best described as A. a street where festivals take place. B. a voluntary exchange of goods and services. C. a place where a person buys groceries for free. D. a government-controlled barter system.
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In economics, a free market is best described as a voluntary exchange of goods and services.
daddy_ryan|Points 999|
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Asked 3/2/2012 8:30:36 AM
Updated 5/19/2015 5:35:29 AM
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This answer has been confirmed as correct and helpful.
Edited by selymi [5/19/2015 5:35:27 AM], Confirmed by selymi [5/19/2015 5:35:29 AM]
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The following definition defines which term? what is given up by choosing something else A. opportunity cost B. payment factor C. scarcity D. consumer sovereignty
Question
Updated 11/24/2015 4:18:20 PM
1 Answer/Comment
Opportunity cost is given up by choosing something else.
Added 11/24/2015 4:18:20 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [11/24/2015 6:02:05 PM]
When demand exceeds the amount of resources, the result is called A. scarcity. B. demand. C. consumerism. D. opportunity cost.
Weegy: When demand exceeds the amount of resources, the result is called scarcity. User: Which factor of production refers in part to the experiences and knowledge of laborers? A. labor B. currency C. capital D. land (More)
Question
Updated 7/4/2016 9:08:06 PM
1 Answer/Comment
Capital refers in part to the experiences and knowledge of laborers.
Added 7/4/2016 8:57:22 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [7/4/2016 9:08:09 PM]
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