What is the most likely effect on a person's income if he or she has little education and few skills?
(1 point)
Responses
The person's income will vary greatly.
The person's income will vary greatly.
The person will earn a high income.
The person will earn a high income.
The person's income will decline over time.
The person's income will decline over time.
The person will earn a low income.
11 answers
The person will earn a low income.
Which of these is a non-monetary positive incentive for entrepreneurs?
(1 point)
Responses
the need to hire and train workers
the need to hire and train workers
the risks of starting a new enterprise
the risks of starting a new enterprise
the satisfaction of creating new products
the satisfaction of creating new products
the responsibilities of running a business
(1 point)
Responses
the need to hire and train workers
the need to hire and train workers
the risks of starting a new enterprise
the risks of starting a new enterprise
the satisfaction of creating new products
the satisfaction of creating new products
the responsibilities of running a business
the satisfaction of creating new products
Which of these people is an example of an entrepreneur?
(1 point)
Responses
Malia started selling jewelry she made in an online store.
Malia started selling jewelry she made in an online store.
Liam found a summer job walking dogs in his neighborhood.
Liam found a summer job walking dogs in his neighborhood.
Pavel worked hard to learn to speak a foreign language.
Pavel worked hard to learn to speak a foreign language.
Ophelia took classes in painting and drawing at an art center.
(1 point)
Responses
Malia started selling jewelry she made in an online store.
Malia started selling jewelry she made in an online store.
Liam found a summer job walking dogs in his neighborhood.
Liam found a summer job walking dogs in his neighborhood.
Pavel worked hard to learn to speak a foreign language.
Pavel worked hard to learn to speak a foreign language.
Ophelia took classes in painting and drawing at an art center.
Malia started selling jewelry she made in an online store.
Which of these actions would most help a worker improve her productivity?
(1 point)
Responses
finding a new job in a different field
finding a new job in a different field
taking a training course related to her job
taking a training course related to her job
buying a laptop computer for home use
buying a laptop computer for home use
asking her employer to give her a raise
(1 point)
Responses
finding a new job in a different field
finding a new job in a different field
taking a training course related to her job
taking a training course related to her job
buying a laptop computer for home use
buying a laptop computer for home use
asking her employer to give her a raise
taking a training course related to her job
What increases when productivity increases?
(1 point)
Responses
gross domestic product
gross domestic product
interest rates on loans
interest rates on loans
national unemployment rates
national unemployment rates
interest rates on savings
(1 point)
Responses
gross domestic product
gross domestic product
interest rates on loans
interest rates on loans
national unemployment rates
national unemployment rates
interest rates on savings
gross domestic product
explain why
When productivity increases, it means that more output is being produced for each unit of input. This can be a result of various factors, such as improved technology, better processes, or increased efficiency.
An increase in productivity leads to an increase in the overall production and output of goods and services in an economy. This, in turn, contributes to the growth of the economy and leads to an increase in gross domestic product (GDP).
Gross domestic product is a measure of the total value of goods and services produced within a country over a specific period. When productivity rises, businesses can produce more goods and services in a given time frame, leading to higher GDP.
Higher GDP indicates a more productive and prosperous economy. It implies that there is more economic activity, businesses are generating higher profits, and individuals are earning more income. Overall, an increase in productivity has positive effects on the economy, leading to higher living standards and economic growth.
An increase in productivity leads to an increase in the overall production and output of goods and services in an economy. This, in turn, contributes to the growth of the economy and leads to an increase in gross domestic product (GDP).
Gross domestic product is a measure of the total value of goods and services produced within a country over a specific period. When productivity rises, businesses can produce more goods and services in a given time frame, leading to higher GDP.
Higher GDP indicates a more productive and prosperous economy. It implies that there is more economic activity, businesses are generating higher profits, and individuals are earning more income. Overall, an increase in productivity has positive effects on the economy, leading to higher living standards and economic growth.
4 answers