If two people exchange an apple, they each still have just one apple, but if they exchange ideas, they now each have two ideas. This is an illustration of
the importance of natural resources.
the principle of specialization of labour.
the difference between information and all the other factors of production.
the importance of profit in market economies.
all of these.
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Q6: Profit is
the market value of shares of
Q7: Not-for-profit organizations
are content with small profits, whereas
Q8: Labour includes
everyone in a business.
only non-unionized employees.
only
Q9: In a command economy, the central government
supports
Q10: Generally speaking, which one of the factors
Q12: Examples of businesses include all of the
Q13: Something that would contribute directly to improving
Q14: This week, Jessica's Variety Store had sales
Q15: An economic system is
an agreement between countries
Q16: Elizabeth wants to set up a consulting
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