Producers and sellers fight with one another to attract consumers, while lowering costs is _____________________
Competition
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driving force that encourage people to improve their material well-being
profit motive
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Voluntary exchange is
Buyers and sellers may freely and willingly in market transactions
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What gives people and businesses the opportunity to make their own decisions?
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lowest legal wage that can be paid to most workers
minimum wage
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Economic equity means that it is illegal to discriminate on the basis of age, sex, race, religion, or ____.
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seesaw
Swap points!
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seesaw
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rocket
Go to first place!
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banana
Go to last place!
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25
U.S. culture is characterized by strong consumerism, explain the impact on the US goal of economic efficiency
Consumerism has led overuse of resources and excessive waste. Businesses produce for consumers wants impacting the environment.New tech created to combat impact
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The three synonymous terms to describe the U.S. economic system are free enterprise, capitalism, and _____________.
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What is the name of the federal health insurance program for senior citizens?
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Which of the following services does the federal government provide
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seesaw
Swap points!
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magnet
Take 15 points!
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rocket
Go to first place!
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lifesaver
Give 25 points!
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15
3. Between 2007 and 2009, the U.S. went through a difficult economic period called the
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struggle between sellers to attract consumers
competition
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The phrase “the customer is always right” is most often associated with what term?
