incentives
is this a positive or negative incentive? 2 for 1 gift card
positive
what is one of the six things that make up a market economy?
private property rights, voluntary exchange, competition, consumer sovereignty, incentives, or specialization
what is a incentive?
an incentive is when buyers respond in predictable ways.
what is the competitor to mc Donalds?
burger king
what is my full name?
Carson John Platte
is this a positive or negative incentive? having to return your book on time so no late fees
negative
what is another one of the six things that make up the market economy
private property rights, voluntary exchange, competition, consumer sovereignty, incentives, or specialization
what is a voluntary exchange?
voluntary exchange is when buyers and sellers exchange freely.
what is the other competitor to mc Donalds?
wendy's
do I like some one in class?
maybe, but you will never know.
is this a positive or negative incentive? using 2 for 1 gift card to buy 2 2 for 1 gift cards
positive
what is another one of the six things that make up the market economy
private property rights, voluntary exchange, competition, consumer sovereignty, incentives, or specialization
what is consumer sovereignty?
consumer sovereignty is when the consumer is king.
what is the competitor to Nintendo?
microsoft
do I like football or basket ball better?
foot ball
2 pizzas instead of 1 because they thought you had a gift card.
negative
what is another one of the six things that make up the market economy
private property rights, voluntary exchange, competition, consumer sovereignty, incentives, or specialization
what is specialization?
specialization is when people specialize.
what is the other competitor to Nintendo?
sony
do I like minecraft or slime rancher better?
minecraft
is this a positive or negative incentive? having to pay late fees but using the late fees to buy the book so you don't have to pay late fees
positive
what is another one of the six things that make up the market economy
private property rights, voluntary exchange, competition, consumer sovereignty, incentives, or specialization
what is competition?
competition is when sellers have the freedom to produce the products they think will be the most profitable.
what is the competitor to Trump?
Joe Biden
do I like mac'n'cheese or chicken strips better?
chicken strips because mac'n'cheese sucks