Which economic system is characterized by supply and demand, investment capital, and competition? communism (command)

bartering (traditional)

free enterprise (market)

state run

For each of the following examples of data, determine which scale of measurement is used. a) the number of miles joggers run per week. b) the starting salaries of graduates of mba programs c) the months in which a firm's employees choose to take their vacations. d) the final letter grades received by students in a math course.

Annie and bart are coworkers. in fact, they share a cubicle wall. recently, they were involved in a fender-bender in the company parking lot. each blames the other for the accident, and the two have stopped speaking. would you advise them to try to settle their dispute through arbitration, mediation, or with a traditional lawsuit? why?

Why would nations in latin america be part of a mostly arab cartel group known as opec? a) latin america refused to do business with countries that were not part of opec. eliminate b) natural resources such as oil are a major economic development for some latin american countries. c) latin america has a long history of distrust of the united states and fears a take-over of oil fields. d) latin american nations such as venezuela needed in getting natural resources to other parts of the world. 15