A Candymaker Is Making Taffy Apples

question 35

Multiple Choice

A candymaker is making taffy apples.If she buys 100 kg of small apples rather than 100 kg of large apples,she will need

• A)less taffy.
• B)more taffy.
• C)the same amount of taffy.

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Definitions:

Freedom Of Enterprise

The freedom of firms to obtain economic resources, to use those resources to produce products of the firms’ own choosing, and to sell their products in markets of their choice.

Individual Firms

Separate business entities that produce goods or provide services in an economy.

Laissez-Faire Capitalism

An economic system where private parties are free from government intervention in the production and distribution of goods and services, barring basic regulations.

Government Role

The range of activities undertaken by the government to regulate, supervise, and participate in the economy, including legislation, taxation, and public services.