Each scenario below illustrates a basic underlying principle of economics of how economies work through the interactions of individual choices. label each scenario accordingly.
* ( ) the owner of a snow cone trailer realizes that the demand for snow cones is low during the winter, and thus, closes shop until the temperature warms back up near summertime.
* ( ) the local river has so much pollution that three-eyed fish are forming. the government responds by regulating the amount of chemicals that can be dumped into the river.
* ( ) at a high end restaurant, the restaurant owner has one chef at a meat station, one chef at a vegetable station and one chef, who has an artistic eye, plate the food they are given. the result is increased speed, as more customers get serviced during an evening.
* ( ) during the summer, a bumper crop of oranges in florida causes a surplus in the supply of oranges nationwide. as a result, prices fall to compensate for the surplus and civilians enjoy the fruits of the farmers labor.
(governmment intervention ) (market efficiency) (specialization ) (equilibrium)