Output in an Economy Can Be Decreased by

question 64

Multiple Choice

Output in an economy can be decreased by

• A) adding more workers.
• B) limiting the work week.
• C) using more machines.
• D) all of the above

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Definitions:

Consumer Preference

The inclination of consumers to favor certain products, brands, or services over others, influenced by tastes, values, and socio-economic factors.

Capital Inflow

The movement of funds into a country, typically in the form of investments, that can be used for further economic development.

Capital Outflow

The movement of assets out of a country, often in response to economic or political instability, seeking higher returns or safer investment climates elsewhere.

Consumer Preference

The individual tastes and choices of consumers that influence their purchasing decisions, often shaped by factors such as price, quality, convenience, and brand.