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Benjamin Shaffer
on Dec 12, 2024

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In a market economy, which of the following is most important if a worker is going to achieve high earnings?

A) hard work
B) provision of goods and/or services that others value highly
C) having a graduate degree in a field like history or sociology
D) membership in a labor union

Market Economy

An economic system where supply and demand determine the prices of goods and services, with minimal government intervention.

Provision

The act of supplying or making available goods, services, or resources to meet a need or demand.

Labor Union

An organization formed by workers in the same trade or industry to negotiate collectively with their employers over wages, hours, benefits, and working conditions.

  • Grasp the importance of worker productivity on earnings.
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Kaela TaylorDec 19, 2024
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