Title: SOLUTION: Self-interest helps achie
Headings: 

Content: replaces labor. is more expensive than labor. improves efficiency, increases output, and provides for growth. Consider the following statement: “ The market system is a profit-and-loss system.” This statement is

true, because consumers purchase only what they want, providing producers profi

false, because consumers purchase only what they want, providing producers profits. true, because producer decisions are motivated by the attempt to earn profits. false, because the market system does much more than provide profits and losses. Consider the following statement: “ Competition is the disciplinarian of the market economy.”