Author Question: In the classical view of the economic system in this figure, we expect businesses to prosper when ... (Read 127 times)

storky111 · **on:** Jul 16, 2018

In the classical view of the economic system in this figure, we expect businesses to prosper when

A) labor costs are low and household incomes rise.
B) demand for goods and services decline.
C) labor is in short supply and consumption is declining.
D) the value of land and resources increase.

Question 2

In the classical view of economic activity, if the number of households in a region increases,

A) total household consumption will decrease.
B) the demands for labor will increase.
C) goods and services will decline.
D) the total cost of labor will decline.