Question

what determines the price of a good? *
supply and demand
the product
the buyers and sellers
the resources for making the product
the steam engine was an important invention in the industrial revolution *
true
false
all of the following was a way that the government benefited form the industrial revolution except *
international trade was encouraged
freedom of movement allowed
helped to build canals and roads

Explanation:

• First question: In economics (a sub - field of Business), the fundamental principle is that the price of a good is determined by the interaction of supply and demand.
• Second question: The steam engine was a crucial invention in the Industrial Revolution as it provided a new source of power for factories, transportation (like steam locomotives), etc.
• Third question: Freedom of movement (in the context of labor) was more of a benefit for workers in some ways rather than a direct government - centric benefit from the Industrial Revolution compared to promoting international trade (which increased government revenues through tariffs etc.) and building infrastructure (which was often a government - led or government - supported effort).

Answer:

• First question: Supply and Demand
• Second question: True
• Third question: Freedom of movement allowed