Which benefit of the american free enterprise system is best described in the statement "competition among companies means consumers have many products available to them"?

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price

All of the following describe economists except a. economists have different backgrounds and experiences. b. economists are sharply divided into competing schools of thought with little overlap of ideas and beliefs. c. economists sometime seem to offer conflicting advice. d. economists are continually seeking new answers to new problems.