How do nearby businesses with similar products usually compete?
A.
offering deals and low prices
B.
changing to different product types
C.
lowering the level of service to save costs
D.
establishing a minimum price for everyone to use
What is a positive effect of competition?
A.
increased value for consumers
B.
increased wages for workers
C.
increased profits for producers
D.
increased incentives for investors
How has the dedication to a market economy changed the U.S. government?
A.
It led to the Bill of Rights.
B.
It led to support for workers' rights.
C.
It led to a belief in freedom of enterprise.
D.
It led to a preference for producer rights over consumer rights.
What does greater competition among sellers usually lead to?
A.
lower prices and fewer choices for buyers
B.
lower prices and more choices for buyers
C.
higher prices and fewer choices for buyers
D.
higher prices and more choices for buyers
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