Which of the Following Is a Desirable Characteristic in an Economy

question 61

Multiple Choice

Which of the following is a desirable characteristic in an economy?

• A) growing per-capita output
• B) rapid increase in the general price level
• C) population growing the same rate as output
• D) population growing faster than output

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Definitions:

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work, which can significantly impact an organization's success.

Timeliness of Delivery

The measure of how quickly and within the scheduled timeframe goods or services are delivered to the customer.

Incremental Costs

The additional costs that are incurred if the level of business activity or output changes.

Out-of-Pocket Costs

Out-of-pocket costs are expenses that individuals directly pay from their funds, not covered by third-party payers like insurance.