Asked by
Katie Coleman
on Nov 02, 2024
Verified
In 1975, what economic value fell for the first time in 25 years?
A) profits
B) prices
C) wages
D) taxes
Economic Value
Refers to the worth of a good or service determined by the market and the benefits it provides to those who purchase or use it.
Wages
Payments made to employees by employers in exchange for work performed, often expressed as an hourly, daily, or piece rate.
- Recognize the economic challenges faced by the United States in the mid to late 20th century.
Verified Answer
PM
Learning Objectives
- Recognize the economic challenges faced by the United States in the mid to late 20th century.