Which of the following statements describes the economic goal of freedom? O The government requires companies to pay minimum wage to certain occupations.
O Colleges choose the students who will attend.
O Consumers can choose where they want to work.
• The government provides workmen's compensation to large businesses.

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.

Why has the free enterprise system been modified to include some government intervention?

Any point on a country's production possibilities frontier represents a combination of two goods that an economy: