QuestionAugust 7, 2025

2. A workforce does not impact the economy. (20 points) True False

2. A workforce does not impact the economy. (20 points) True False
2. A workforce does not impact the economy. (20 points)
True
False

Solution
3.5(266 votes)

Answer

False Explanation 1. Analyze the statement The statement claims that a workforce does not impact the economy. However, the workforce is a critical component of economic activity as it contributes to production, consumption, and overall economic growth. 2. Evaluate economic principles Economic theories and models consistently show that labor (workforce) is a fundamental factor in production and economic development.

Explanation

1. Analyze the statement<br /> The statement claims that a workforce does not impact the economy. However, the workforce is a critical component of economic activity as it contributes to production, consumption, and overall economic growth.<br /><br />2. Evaluate economic principles<br /> Economic theories and models consistently show that labor (workforce) is a fundamental factor in production and economic development.
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