Which of these explain why growth is an important economic goal?
Answer:
-it increases standards of living
-it increases real wages and incomes
-it increases a society's ability to resolve socioeconomic problems
You might also like to view...
Which one of the following is not an example of final goods in national income accounting?
A. Desktop computer purchased by an executive for business use B. Tractor purchased by a construction company C. Lumber and steel beams purchased by a construction company D. Laptop computer purchased by an executive for personal use
The risk of making a loan is
A) earning profits that are too high and cause higher taxes. B) the risk that lender does not pay. C) the risk that the borrower does not pay. D) called "default risk" when taxes are not paid.
Which of the following best describes an assumption economists make about human behavior?
A) They assume that people take into account the question of fairness in all decisions they make. B) They assume that individuals act rationally all the time in all circumstances. C) They assume that rational behavior is useful in explaining choices people make even though people may not behave rationally all the time. D) They assume that individuals act randomly.
In 2009, C was closest to, but under
A. $4 trillion B. $6 trillion C. $80 billion D. over $10 trillion