Ways in Which Consumers Affect American Business Include All the Following

question 21

Multiple Choice

Ways in which consumers affect American business include all the following except

• A) purchasing goods and services.
• B) providing necessary business capital.
• C) providing the labor necessary for production.
• D) providing the resources necessary for production.
• E) taxing goods and services.

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Definitions:

Deadweight Loss

The loss of economic efficiency that occurs when the optimal level of supply and demand is not achieved.

Labor Market

The demand and supply of labor, in which individuals look for jobs and employers search for employees.

Deadweight Loss

When a good or service fails to reach or cannot reach its market balance, an economic inefficiency occurs.

Maximize Loss

The strategic or accidental pursuit of actions that result in the largest possible financial loss, often used in theoretical analyses.