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☆☆☆☆☆The Law of Supply and Demand.
trade allows people to focus on one kind of production and trade for their other needs.
When consumers get more money, they tend to substitute normal goods for _inferior_ goods.
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.
Income
Housing prices in cities generally increase more quickly than anywhere else.
Large companies can buy all or most of a wholesaler's stock.
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The existence of a minimum wage.
which of the following is a characteristic of the factors of production
The development of a new energy source reduces production costs for a company.
A general decrease in wages. - Apex
Specialization. A+
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Buying a second winter coat.
cutting taxes
The government restricts the amount of money that banks can lend.
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
