What happens when labor productivity increases?

What happens when labor productivity increases? As an economy’s labor productivity grows, it produces more goods and services for the same amount of relative work. This increase in output makes it possible to consume more of the goods and services for an increasingly reasonable price. What causes producers to raise their prices? Increased price of […]

What are examples of defined benefit plans?

What are examples of defined benefit plans? Examples of defined contribution plans include 401(k) plans, 403(b) plans, employee stock ownership plans, and profit-sharing plans. A Simplified Employee Pension Plan (SEP) is a relatively uncomplicated retirement savings vehicle. What is a qualified defined benefit plan? Defined benefit plans are qualified employer-sponsored retirement plans. For example, your […]

What are three things taxes pay for?

What are three things taxes pay for? The federal taxes you pay are used by the government to invest in technology and education, and to provide goods and services for the benefit of the American people. The three biggest categories of expenditures are: Major health programs, such as Medicare and Medicaid. Social security. Why do […]

Where did the Corps of Discovery start?

Where did the Corps of Discovery start? St. Louis What did the Corps of Discovery find? The explorers gave peace medals to the most important chiefs of each tribe. By October the Corps of Discovery reached the Mandan and Hidatsa villages, where they built “Fort Mandan” (near present-day Washburn, North Dakota), and spent the winter […]

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