List the three decisions that households face in the labor market
What will be an ideal response?
(1.) Whether to work.
(2.) How much to work.
(3.) What kind of a job to choose.
Economics
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What is the main difference between economic regulation and social regulation?
What will be an ideal response?
Economics
In what way is international trade beneficial to both parties?
a. It reduces shipping costs by passing them on to consumers. b. It increases output and income levels in the whole trading area. c. It lowers consumer expectations of quality and durability. d. It strengthens the cultural identities of each trading partner.
Economics