In a Market Economy, Which of the Following Is Most

question 19

Multiple Choice

In a market economy, which of the following is most important if a worker is going to achieve high earnings?

• A) hard work
• B) provision of goods and/or services that others value highly
• C) having a graduate degree in a field like history or sociology
• D) membership in a labor union

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Definitions:

AICPA

The American Institute of Certified Public Accountants, a professional organization for Certified Public Accountants (CPAs) in the United States.

Limited Liability Company

A business structure in the United States that provides its owners with limited liability while allowing them to enjoy the tax and operational flexibility of a partnership.

Business Organizations

Formal entities set up for the purpose of conducting trade or providing services, following a particular operating structure and goals.

Partnership

A legal form of business operation between two or more individuals who share management and profits.