What is a positive effect of competition?
(1 point)
Responses
increased value for consumers
increased value for consumers
increased wages for workers
increased wages for workers
increased profits for producers
increased profits for producers
increased incentives for investors
increased incentives for investors
How has the dedication to a market economy changed the U.S. government?
(1 point)
Responses
It led to the Bill of Rights.
It led to the Bill of Rights.
It led to support for workers' rights.
It led to support for workers' rights.
It led to a belief in freedom of enterprise.
It led to a belief in freedom of enterprise.
It led to a preference for producer rights over consumer rights.
It led to a belief in freedom of enterprise.
What does greater competition among sellers usually lead to?
(1 point)
Responses
lower prices and fewer choices for buyers
lower prices and fewer choices for buyers
lower prices and more choices for buyers
lower prices and more choices for buyers
higher prices and fewer choices for buyers
higher prices and fewer choices for buyers
higher prices and more choices for buyers
lower prices and more choices for buyers
What does greater competition among buyers usually lead to?
(1 point)
Responses
resources going to those who are willing and able to pay more
resources going to those who are willing and able to pay more
resources being more readily available to all who want them
resources being more readily available to all who want them
companies making products unavailable
companies making products unavailable
companies developing new non-price competition approaches