Iupui bus x100 exam 1 - Study guides, Class notes & Summaries
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IUPUI BUS-x100 Exam 1 Questions and Answers Already Graded A
- Exam (elaborations) • 20 pages • 2023
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IUPUI BUS-x100 Exam 1 Questions and Answers Already Graded A 
An economic system in which individuals and businesses make the decisions about what to produce and what to buy, and the market determines how much is sold and at what prices is called a _________ economy. 
A. product 
B. producer's 
C. command 
D. market E. planned Market 
The market price of peaches is currently falling. In a free-market economy, the most likely explanation of this price change is that: 
A. the government has decid...
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IUPUI BUS-x100 Exam 1
- Exam (elaborations) • 11 pages • 2023
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- $12.49
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An economic system in which individuals and businesses make the decisions about what to produce and what to buy, and the market determines how much is sold and at what prices is called a _________ economy. 
A. product 
B. producer's 
C. command 
D. market 
E. planned 
Market 
 
 
The market price of peaches is currently falling. In a free-market economy, the most likely explanation of this price change is that: 
A. the government has decided to set a lower price because sellers have been price ...
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IUPUI BUS-x100 Exam 2 Latest Update Graded A+
- Exam (elaborations) • 15 pages • 2023
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IUPUI BUS-x100 Exam 2 Latest Update Graded A+ Service Industries Services 
Distribution Industries Retailing & Wholesale Trade 
Production Industries Manufacturing, General & Heavy Construction, Special Trade Construction 
Advantages of Small Businesses Flexibility, Independence, Service, Simplified, Specialization 
Disadvantages of Small Businesses Risk of failure, Limited potential, Limited ability to raise capital, Little 'power' 
key issues involved in entrepreneurship risk, creativity, in...
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IUPUI BUS-x100 Exam 1| 53 QUESTIONS| WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 8 pages • 2023
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- $12.99
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An economic system in which individuals and businesses make the decisions about what to produce and what to buy, and the market determines how much is sold and at what prices is called a _________ economy. 
 A. product 
 B. producer's 
 C. command 
 D. market 
 E. planned correct answer: Market 
 
The market price of peaches is currently falling. In a free-market economy, the most likely explanation of this price change is that: 
 A. the government has decided to set a lower price because ...
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