Which of the following is most important for the achievement of higher income levels and living standards?
What will be an ideal response?
production of additional goods and services that people value highly relative to the cost of their production
You might also like to view...
A rising price level should shift the expenditure schedule
a. upward and decrease equilibrium real GDP. b. downward and increase equilibrium real GDP. c. downward and decrease equilibrium real GDP. d. upward and increase equilibrium real GDP.
What documents are needed when determining the value of a business?
a. federal and state income tax returns b. complete financial statements c. planning information regarding current budgets and forecasts d. operation information e. all of these
Describe how a market for externality rights or cap-and-trade system would work in terms of supply and demand
Please provide the best answer for the statement.
The labor force participation rate is defined as
A) the percentage of the working-age population that is employed. B) the percentage of the working-age population that is unemployed. C) the percentage of the labor force that is employed. D) the percentage of the labor force that is unemployed. E) the percentage of the working-age population in the labor force.