Which of the Following Is Most Likely to Increase the Potential

question 166

Multiple Choice

Which of the following is most likely to increase the potential output of an economy?

• A) a decline in the length of the average work week
• B) an increase in the supply of educated and skilled workers
• C) a drought
• D) an increase in aggregate demand
• E) an increase in the minimum wage received by workers

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Definitions:

Articles of Dissolution

Documents filed with a governmental body to formally conclude the legal existence of a corporation or partnership.

Secretary of State

A senior official in the government responsible for managing and overseeing governmental departments or representing the country in foreign affairs.

Voluntary Dissolution

The process by which a corporation legally terminates its existence by the decision of its shareholders or board, rather than being forced to do so by a court or creditors.

Absorbed Corporation

An absorbed corporation is one that has been merged into another entity, resulting in the loss of its former separate legal identity.