(actuallyeconomics but oh well) which statement best describes the relationship between competition and a free-market economy?
a. competition is a natural result of producers choosing to enter the market.
b. competition is unrelated to a free-market economy.
c. competition is eliminated because the government decides who is allowed to enter the market.
d. competition is avoided because the decision of what to produce is based on tradition.
Answers: 1
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If a bank protected by the fdic fails, then all of the individuals who have deposited money into the bank a. are restricted from ever using a bank again b. will be reimbursed by the federal government c. have lost all of their money and savings forever d. become members of the federal reserve bank
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Rose bought a mattress for her guest bedroom for $100, on sale. the mattress is nonreturnable. although everyone who has slept on the mattress said it was very uncomfortable, rose will not get rid of it because she spent $100 on it. what psychological factor associated with behavioral economics explains rose's behavior?
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(actuallyeconomics but oh well) which statement best describes the relationship between competition...
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