How did adam smith’s economic ideas the united states establish a free enterprise system? check all that apply.

1.they led to freedom of choice for consumers and producers.
2.they led to fixed prices for consumers and producers.
3.they led to open competition for consumers.
4.they led to individual ownership of property.
5.they led to more government spending and increased demand.
6.they led to limited choice and communal ownership of property.

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)