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  • 2022-06-08
    What is the basic purpose of profits in our market economy ( )
    A: Pay for wages and salaries of workers.
    B: Lead businesses to produce what consumers want.
    C: Transfer income to the wealthy.
    D: All of the above.
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    • What differentiated Rockefeller, Duke, and Carnegie from their “laissez-faire” predecessors? A: They utilized sophisticated methods of production. B: They offered better compensation to their workers. C: They involved workers in management decision making. D: They pursued profits and self-interest above all else.
    • In a modern market economy, most of the answers to the questions of what to produce, how to produce it, and who should get the production are made by:
    • What does Nike produce today? A: Running shoes. B: Sportswear. C: Hats. D: All of the above.
    • What experiences can the product bring to consumers in a popular sense? A: loving B: interesting C: useful D: all of the above
    • ( ) is the difference between what consumers are willing and able to pay for a good and what they actually pay for the good.

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      income workers. wealthy purpose for our salaries and of above consumers workers businesses all profits want. in want pay is economy produce wealthy. lead above. the market wages what transfer to basic

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