James and Jamal are eager entrepreneurs hoping to open a used video game store in their town. Why should they take time to learn about economics before opening their store? (1 point) Responses To participate in a voluntary exchange with consumers within the market economy To participate in a voluntary exchange with consumers within the market economy To implement the factors of production as a basis for producing goods and services To implement the factors of production as a basis for producing goods and services To gain a better understanding of uncontrollable sources that could impact their business To gain a better understanding of uncontrollable sources that could impact their business To engage in a market economy with minimal interference from government

Answer 1

To engage in a market economy with minimal interference from government