Are jobs the key to economic progress and the achievement of high income levels?
A) Yes, when full employment is present, the income levels of the residents will be at their maximum.
B) Uncertain, jobs are the key for a market economy, but they are less important for a centrally planned economy.
C) No, the people must be employed in jobs where they are producing goods and services that are valued highly relative to cost.
D) Yes, as long as people are working, income levels will b
C) No, the people must be employed in jobs where they are producing goods and services that are valued highly relative to cost.
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Which one of the following statements about public debt is most accurate?
a. Because rich and poor people hold government bonds, they are equally affected by the debt. b. Wealthy people are more likely to hold government bonds, and so they are less likely to be adversely affected by the debt c. Wealthy people are less likely to hold government bonds, and so they are more likely to be adversely affected by the debt. d. Poor people are more likely to hold government bonds, and so they are more likely to be adversely affected by the debt. e. Poor people are less likely to hold government bonds, and so they are less likely to be adversely affected by the debt.
Refer to the graph below. Which point is the break-even point for the firm?
A. A
B. B
C. C
D. D