The rights to own private property and to exchange goods with minimal government interference is

A) capital freedom.
B) population freedom.
C) economic freedom.
D) political freedom.


C

Economics

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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher

Economics

3 redistributive effects of inflation:

What will be an ideal response?

Economics

Economic growth may be represented by a:

A. production possibilities curve that remains fixed. B. rightward shift of the production possibilities curve. C. point outside (to the right) of the production possibilities curve. D. leftward shift of the production possibilities curve.

Economics

All developing countries suffer from a critical shortage of:

A. Land B. Population C. Capital goods D. Government regulation

Economics