Which of the following is most important for the achievement of higher income levels and living standards?
a. an increase in total employment
b. increases in government spending that create jobs
c. production of additional goods and services that people value highly relative to the cost of their production
d. restriction of imports that expand employment in the protected industries
c. production of additional goods and services that people value highly relative to the cost of their production
You might also like to view...
Consider two countries-country A and B. Both economies are exactly similar in all aspects except for one. There are well-defined property rights in country A, while there are no property rights in country B
Given this information, which of the following statements is likely to be true? A) Economy A is likely to grow faster than economy B. B) Economy B is likely to grow faster than economy A. C) Both economies are likely to grow at the same rate. D) None of the countries is likely to experience any growth in GDP.
How will the invisible hand move corn prices in response to:
a. a flood that destroys a great deal of the corn crop? b. a rise in the price of wheat (a substitute for corn)? c. a change in consumer tastes away from corn dogs toward hot dogs? d. an increase in the number of people with access to the corn market?
A merger between two companies in unrelated fields of business
A) will always lead to economies of scale. B) will generally increase the value of the unified firm compared to the value of the two companies before the merger because of the benefits of diversification. C) may not have any synergistic effects. D) will necessarily lead to an increase in the market power of the merged company.
TANF provides benefits that raise recipients to the poverty line
Indicate whether the statement is true or false