erfectly competitive industries are Select one: a. difficult to enter because there are already so many producers in the industry. b. not particularly appealing or attractive to enter because there tend to be so many buyers that it is difficult to deal with them. c. relatively easy to enter but not so easy to exit from. d. a and b e. none of the above

answer; (a) conduct a worksite inspection;

engaging in financial planning?

just took my test

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; offer in store wine and beer samples;