Business, 29.11.2020 14:40 sandra5456

Match each term with the correct definition. A. An institution that brings buyers and sellers together.
B. The right of private persons and firms to obtain, control, employ, dispose of, and bequeath land, capital, and other property.
C. The presence in a market of independent buyers and sellers who compete with one another and who are free to enter and exit the market as they each see fit.
D. The freedom of firms to obtain economic resources, decide what products to produce with those resources, and sell those products in markets of their choice.
E. What each individual or firm believes is best for itself and seeks to obtain.
F. Economic transactions willingly undertaken by both the buyer and the seller because each feels that the transaction will make him or her better off.
G. The freedom of resource owners to dispose of their resources as they think best; of workers to enter any line of work for which they are qualified; and of consumers to spend their incomes in whatever way they feel is most appropriate.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:30, Brandonjr12

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

Answers: 2

continue

Business, 22.06.2019 12:20, kayleewoodard

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups. b. we cannot infer anything from these data since the distribution of salaries is likely right skewed. c. you cannot draw any valid conclusions because the sample sizes are different. d. more students should complete internships because having an internship produces a higher salary.

Answers: 1

continue

Business, 22.06.2019 18:50, lordcaos066

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right

Answers: 3

continue

Business, 22.06.2019 20:10, hsbhxsb

Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625

Answers: 3

continue

You know the right answer?

Match each term with the correct definition. A. An institution that brings buyers and sellers toget...