In a discussion of economics, which of the following would exert the most influence on an individual firm’s decision to hire workers?
A. wage levels
B. the macroeconomy
C. the firm’s income
D. household income
Answer:B
In a discussion of economics, which of the following would exert the most influence on an individual firm’s decision to hire workers?
A. wage levels B. the macroeconomy C. the firm’s income D. household income
Explanation: 6. In a _______________________, most economic decisions about what to produce, how to produce it, and for whom to produce it are made by buyers and sellers.