Question and answer
What's the likely outcome of many people attempting to buy a small amount of goods? A. Deflation B. Elasticity C. Inflation D. Recession
Inflation is the likely outcome of many people attempting to buy a small amount of goods.
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Expert answered|sujaysen|Points 25063|
Question|Asked by hcx
Asked 10/10/2018 2:07:57 PM
Updated 12/28/2019 11:00:00 AM
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This answer has been confirmed as correct and helpful.
Confirmed by matahari [12/28/2019 11:00:00 AM]
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Questions asked by hcx
Why are retired people hurt by inflation? A. Retired people often buy products that are especially likely to experience inflation. B. They live beyond their means. C. They're afraid of change. D. Since they're on fixed incomes, their income doesn't rise to meet higher prices.
Question|Asked by hcx
Not Answered
Updated 10/10/2018 2:31:08 PM
1 Answer/Comment
Retired people are hurt by inflation because since they're on fixed incomes, their income doesn't rise to meet higher prices.
Added 10/10/2018 2:31:08 PM
This answer has been confirmed as correct and helpful.
Confirmed by jerry06 [10/11/2018 7:59:00 PM]
In a market economy, who decides what will be produced? A. Traditions B. Government C. Consumers D. Managers
Question|Asked by hcx
Not Answered
Updated 10/10/2018 2:51:54 PM
1 Answer/Comment
Consumers decided what will be produced in a market economy.
Added 10/10/2018 2:51:54 PM
This answer has been confirmed as correct and helpful.
Which economic system features the government as the main economic decision-maker? A. Generational B. Market C. Command D. Traditional
Weegy: Command economic system features the government as the main economic decision-maker. (More)
Question|Asked by hcx
Expert Answered
Updated 10/10/2018 3:09:24 PM
0 Answers/Comments
The profit motive is important to a market economy because it A. allows the government to collect extra in taxes. B. encourages consumers to buy more products. C. allows workers to get paid. D. encourages people to open businesses and invent new products.
Question|Asked by hcx
Not Answered
Updated 10/10/2018 3:06:18 PM
1 Answer/Comment
The profit motive is important to a market economy because it: encourages people to open businesses and invent new products.
Added 10/10/2018 3:06:18 PM
This answer has been confirmed as correct and helpful.
Rated good by Masamune, Confirmed by Masamune [10/10/2018 11:20:52 PM]
What tends to happen to earnings as a person becomes more educated? A. Earnings stay the same. B. Earnings aren't linked to education. C. Earnings increase. D. Earnings decrease.
Question|Asked by hcx
Not Answered
Updated 10/10/2018 4:28:39 PM
1 Answer/Comment
Earnings increase as a person becomes more educated.
Added 10/10/2018 4:28:39 PM
This answer has been confirmed as correct and helpful.
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