The market system provides a way
a. to allow specialization and exchange to work in tandem.
b. to improve the well-being of mankind.
c. to harness self-interest.
d. to allocate goods and services.
e. All of the above are correct.
e
Economics
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The poverty income threshold in the United States was originally calculated by
A) multiplying a nutritionally adequate food plan for emergency use by 4. B) multiplying a nutritionally adequate food plan for emergency use by 2. C) multiplying a nutritionally adequate food plan for emergency use by 3. D) multiplying a nutritionally adequate food plan for emergency use by 5.
Economics
From 1996 to 2011, the rate of growth of output per worker in China has been approximately equal to
A) 5%. B) 10%. C) 15%. D) 18%. E) 23%.
Economics