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What is one important measure of a country's economic health?
"Gross domestic product" is the most commonly used as is the % growth or decline in that number.A key driver of economic growth is the degree of corruption in the country. This correlates very highly with retarded growth in the future.
The most basic economic system is?
command economy
Which economic goal would be the most difficult to measure or to quantify?
Economic freedom.
The most important driver for economic growth appears to be?
The most important driver for economic growth is infrastructure. If a country has a sound infrastructure then businesses will come and increase the economy.
Which of the following is a goal of the leaders of most economic systems?
The most basic economic institution in market economies is the system of markets.
What is one important measure of a country's economic health?
"Gross domestic product" is the most commonly used as is the % growth or decline in that number.A key driver of economic growth is the degree of corruption in the country. This correlates very highly with retarded growth in the future.
Economic growth has caused the relative prices of most basic natural resources to increase true or false?
True - More demand equals higher prices
The most basic economic system is?
command economy
Which economic goal would be the most difficult to measure or to quantify?
Economic freedom.
The most important driver for economic growth appears to be?
The most important driver for economic growth is infrastructure. If a country has a sound infrastructure then businesses will come and increase the economy.
What are the basic social economic necessities?
The most basic social economic necessities are food, drinking water, shelter, and clothing. Many other things are also desirable, but not as basic.
Which of the following is a goal of the leaders of most economic systems?
The most basic economic institution in market economies is the system of markets.
When markets or governments make economic decision about how to most efficiently convert their resources into goods and service what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
Which basic economic question most relates to labor?
How to produce?. studyisland(:
The natural resources that have most contributed to US economic growth are?
Obama
A basic characteristic of a command system is that?
A basic characteristic of a command system is that the government owns most economic resources.
What is the most basic performance measure a commander can use?
Diagnostic APFT
