In a nation with a market economy, workers are free to:
a. choose their employer
b. set their salary or wage
c. take office supplies home
d. take as many paid vacation days as they want.
Ans: a. choose their employer
Economics
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Describe the situation of the Japanese economy in the 1990s. What should the Japanese government have done differently, according to critics, to improve the economy?
What will be an ideal response?
Economics
Assume that Figure 4-16 shows the supply of new houses. An improvement in the technology for building houses will shift supply from
A. S1to S2. B. S2to S1. C. S3to S2. D. S3to S1.
Economics