The downward slope of the production possibilities curve illustrates the:

A. Cost-Benefit Principle.
B. Incentive Principle.
C. Scarcity Principle.
D. Principle of Comparative Advantage.


Answer: C

Economics

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In the simple economy where y = C + I, equilibrium output is determined at the level of income where saving equals investment

Indicate whether the statement is true or false

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The U.S. federal debt as a percentage of GDP is currently on the rise

a. True b. False Indicate whether the statement is true or false

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