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If a worker is free to quit a job and find a new job at another place of employment, what us economic goal has been met?

a) economic stability
b) economic justice
c) economic security
d) economic freedom

User Abraham Cm
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1 Answer

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Final answer:

Economic freedom is achieved when workers can leave their jobs and seek new employment. It is central to market economies and is characterized by the capacity of individuals to make autonomous economic choices. The correct option is d) economic freedom.

Step-by-step explanation:

If a worker is free to quit a job and find a new job at another place of employment, the economic goal that has been met is economic freedom. Economic freedom is foundational in allowing individuals the right to make their own decisions regarding their work life, including choices such as where to work, how to work, for whom to work, and the uses of the money they earn. This concept is deeply embedded in market economies, where the freedom of individuals to make economic choices is highly valued.

Economic efficiency, another key goal, focuses on the optimal use of resources to avoid waste in product production. Economic security ensures a safety net for workers who may become unemployed, injured, or retire. On the other hand, economic stability involves achieving consistent economic growth, maintaining full employment, and ensuring price stability. It is the balance between incentives and economic equality that creates a dynamic where one can impact the other, often illustrated by trade-offs in economic models.

Countries strive to achieve a blend of these objectives, shaped by their societal values and the type of economy in which they operate, be it market or command. The delicate balance and prioritization of these goals dictate the overall health and direction of a nation's economy and the well-being of its citizens.

User Arnaud Valmary
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