In this economic growth and production possibilities curve, economic growth is represented by the ______.
a. y-axis
b. x-axis
c. area between points A and E
d. area between the two curves
d. area between the two curves
Economics
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What will be an ideal response?
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Excessive government spending can cause demand-pull inflation
a. True b. False Indicate whether the statement is true or false
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A method of forcing a company to internalize the total cost of production is
A. to force the company to reduce the wages it pays to its employees. B. to impose a tax on the company to reduce production. C. to provide a subsidy to encourage production. D. for government not to interfere in the company's activities.
Economics