To maintain their standard of living, most people rely on
a. government assistance.
b. their labor earnings.
c. their personal savings.
d. All of the above are correct.
b
You might also like to view...
If the central bank of Orangeland pursues an expansionary monetary policy, ________
A) its labor supply will fall B) the price level in Orangeland will fall C) the demand for labor in the economy will increase D) the interest rate in Orangeland will rise
When the price of a complement (cream) decreases, the demand for the related good (coffee)
A) will fall. B) remains constant. C) will shift outward. D) will shift inward.
When resources are readily available, such as during the Great Depression, they can be used to produce more goods (and create more income) without causing prices to increase
Indicate whether the statement is true or false
What challenges does the European Union face in the short, medium, and long run?
What will be an ideal response?