In a free-market economy, what drives the amount of production?
A) demand
B) supply
C) competition
D) price
E) scarcity
Answer: D
Explanation: D) In a free market, people with wants come together with people who can fill those wants to negotiate a price. That price tells producers how much to produce.
Business
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Trails and Paths, Inc. had average operating assets of $6,000,000 and sales of $3,000,000 in 2016. If the controllable margin was $600,000, the ROI was
a) 20% b) 40% c) 10% d) 50%
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What will be an ideal response?
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