Why is private ownership an important source of economic prosperity?
What will be an ideal response?
It provides owners with a strong incentive to develop and use assets in ways that others value highly.
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Suppose that Jinelle, an engineer, has to choose between two jobs. Which of the following statements is true?
A) When deciding between both jobs, she should consider both wage and non-wage attributes of each job. B) While deciding between jobs, she should focus only on the costs of each job and ignore the benefits. C) While deciding between jobs, she should only focus on the benefits from each job and ignore the costs. D) While deciding between jobs, she should consider the wage attributes and ignore the non-wage attributes of each job.
Which of the following types of workers has decreased as a percentage of the U.S. labor force in recent decades?
a. skilled workers. b. unskilled workers. c. semiskilled workers. d. clerical workers.
The total accumulated debt of the federal government due to deficit spending is called the:
a. federal deficit. b. Congressional debt. c. deficit debt ceiling. d. national debt.
Which of the following is the single most important source of U.S. economic growth?
A. Stability of the socio-cultural-political environment B. Improvement in the legal and human environment C. Increases in the quantity of labor D. Increases in labor productivity