Output in an Economy Can Be Increased by

question 52

Multiple Choice

Output in an economy can be increased by

• A) adding more workers.
• B) limiting the work week.
• C) using fewer machines.
• D) decreasing inflation.

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Definitions:

Rio +20

The United Nations Conference on Sustainable Development held in Rio de Janeiro, Brazil, in 2012, marking the 20th anniversary of the first Earth Summit.

Partnership

A cooperative relationship between two or more parties who agree to share responsibilities, resources, profits, and losses in a joint business venture.

Ethical Consumerism

The practice of purchasing products and services produced in a way that minimises social and/or environmental damage, while avoiding products and services deemed to have a negative impact on society or the environment.

Social Damage

The negative impact on society or specific communities resulting from actions or policies, which can include economic disparities, environmental degradation, or social injustices.