Statements test foundational claims about participation in the economy and resource exchange.
- #StatementCorrect
- 1.
Businesses provide goods and services to satisfy the needs of individuals and other businesses.
- 2.
Individuals never exchange goods or services directly with one another outside formal business transactions.
- 3.
Exchange would be simpler if all desired goods were available in unlimited abundance.
- 4.
No participant in the economy is able to opt out of making economic decisions.
- 5.
Resources are described as being abundant rather than scarce in most economic contexts.





