If a country wants to promote future growth, it should
A) produce more capital goods today.
B) produce more consumer goods today.
C) produce only economic goods.
D) produce only needed goods.
A
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Which of the following decreases Money Demand?
a. Lower nominal interest rates. b. Higher nominal interest rates. c. A higher price level d. A lower price level
Perfectly competitive markets are responsive to the demand of consumers.
Answer the following statement true (T) or false (F)
“Trade deficits are a mixed blessing.” Interpret and elaborate.
What will be an ideal response?
Government goods are provided to the consumer at a zero price. This means that
A) the cost to society is zero. B) the political system is run by proportional rule. C) people are getting something for nothing. D) the cost of the goods is the value of the resources used to produce the good.