The Principles of Economics Can Explain Which of the Following?Why

question 89

Multiple Choice

The principles of economics can explain which of the following?Why people choose to work or go to collegeWhy a country might prosperHow the value of money changes over time

• A) II and III only
• B) I and II only
• C) III only
• D) I, II, and III

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Definitions:

Federal Government

A system of government where power is divided between a central (national) government and various regional governments.

Unemployment

A situation where individuals who are capable of working and are actively seeking work are unable to find employment.

Congressional Democrats

Members of the Democratic Party who serve in the United States Congress, consisting of the House of Representatives and the Senate.

Camp David Accords

A peace treaty between Israel and Egypt brokered by the United States in 1978.