Insofar as government public policy is concerned, the best way to battle unemployment would be __________________.
Answer: To minimize recessions
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________ is concerned with the distribution of resources across society
A) Social surplus B) Equity C) Efficiency D) Utility
At the beginning of the year, Tom's Tubes had a capital stock of 5 tube inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Tom's net investment for the year totaled
A) 1 machine. B) 2 machines. C) 3 machines. D) 6 machines.
Economic models relate to
A) people's choices. B) how people think about something. C) group opinions. D) the reasons people give for donating to charity.
Which development strategy involves shifting from production of raw materials to production of manufactured goods?
a. export-led growth b. first-mover advantage c. import substitution d. multiplier effect