WorksheetsMarkia 2.2 Quizzz
Total questions: 25
Worksheet time: 20mins
Markets allow
(a)
Market: an arrangement that allows buyers and sellers to?
Exchange things
Sell things
Trade SpongeBob
Sell flowers
It’s easier to learn one task very well than to?
(a)
There would be no need for markets if?
We were self-sufficient
Sandy
Patrick
Money
Economic system that are based on (a) in markets are called free market economies
Free market economy functions best in an environment of____making decision-making
Decentralized
Input
Output
Society
Households (a) the factors of production and are also the consumers of good and services
Firms or business that use resources to produce a product transform____ or factors of production into____or products
Inputs and outputs
Rent
Land
Cain
Firms purchase or rent land natural (a)
They hire workers, paying them wages or salaries for their (a)
Profit is the financial gain made in a (a)
We live in a competitive______?
Society
House
Apartments
Beach house
In each transaction the buyer and seller consider only their_________?
Self
Self-interest
Sales
Personal gain
Consumer in pursuit of their self-interest have the incentive to look for_______?
Lower prices
Higher prices
Mid prices
Mr. crabs
Businesses aim to make greater profits by increasing (a) ?
Economists call this struggle (a) ?
Competition causes more production and moderates business____?
Prices
Sells
Oil
Land
Business aim to make greater profits by_______
Increasing sales
Decreasing sale
Taxing sales
Half price on the sales
Invisible (a) describes the self regulating nature of the marketplace
Despite its advantages no (a) market economy exists on any meaningful scale
Non Monetary incentives =
Gifts, services , other goods
Land
Oil
House
The same features that make it attractive also make it (a)
the goals of economic equality and economic security are difficult to achieve in a pure market (a)
monetary incentive= (a)
Profit is the financial gain made in a (a)
