Question 5. Question:( TCO 1) Inflation is a major concern for consumers, businesses, and government leaders, because it _____.
is a precursor to recession decreases the purchasing power of consumers decreases the production costs increases the demand for commodities decreases the opportunity cost of holding cash balances
Question 6. Question:( TCO 1) _____ taxes are levied on earnings of individuals to help fund Social Security, Medicare, and unemployment compensation.
Excise Payroll Sales Income Property
Question 7. Question:( TCO 1) _____ is the process of influencing and motivating people to work willingly and effectively toward common goals.
Organizing Leading Planning Directing