Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
the first three are correct. Economic growth comes with the fact that:
-Workers (can) receive higher wages.
-More people acquire jobs and earn wages.
-Cost of borrowing money is lowered.ts
These and other aspects increase consumption.
-Workers (can) receive higher wages.
-More people acquire jobs and earn wages.
-Cost of borrowing money is lowered.ts
These and other aspects increase consumption.
The correct answers are, A) Workers receive higher wages, B) More people acquire jobs and earn wages, and C) Cost of borrowing money is lowered.
The ítems that describe why consumption might increase during periods of economic growth are, workers receive higher wages, more people acquire jobs and earn wages, and the cost of borrowing money is lowered.
When a country is living a period of economic growth, many good things happen to people. For instance, workers receive higher wages so they can invest their money in the Banks or open a new business or go on vacation. The money is circulating. Another positive consequence is people get new jobs or better jobs and then, more income to use wisely. And if a person wants to borrow some money to invest in a Project or a business, the cost of borrowing is lowered.
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.