A Generation Ago, Workers Tended to Work for ______ Employer(s)

question 66

Multiple Choice

A generation ago, workers tended to work for ______ employer(s) during their working years.

• A) three to four
• B) one or two
• C) one
• D) five to six

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Definitions:

Consumer Surplus

The difference between the maximum price consumers are willing to pay for a good or service and the price they actually pay.

Consumer Surplus

The contrast between the fee consumers are inclined to pay for a good or service and the fee they ultimately pay.

Public Policy

Public policy is a system of laws, regulatory measures, courses of action, and funding priorities concerning given topics, enacted and enforced by governmental entities.

Economic Efficiency

A condition in which all resources are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.