Are jobs the key to economic progress and the achievement of high income levels?
A) Yes, as long as people are working, income levels will be high.
B) Yes, when full employment is present, the income levels of the residents will be at their maximum.
C) No, employment will not lead to higher incomes if it does not involve production of goods and services that people value.
D) Uncertain, when an economy is at full employment production of goods and services people value is important, but when unemployment is present, jobs are the key to prosperity.

Question

Quizplus · Accepted Answer

Employment alone does not guarantee high income levels. The jobs must involve production of goods and services that people value in order to generate income. In addition, factors such as productivity, education, technology, and infrastructure also play important roles in achieving economic progress and high income levels.

Are Jobs the Key to Economic Progress and the Achievement