Which of the following is a result of a market economy?
A) voluntary exchange B) an equal income distribution
C) agreement on equity D) environmental protection
A
Economics
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If an economy maintains a small rate of growth for a long period of time, then the size of the economy
A. will stay nearly constant. B. can increase by a large amount. C. can never double. D. can only increase by a small amount.
Economics
What is the goal of fiscal policy, and what tools have policymakers traditionally used to conduct fiscal policy?
What will be an ideal response?
Economics
In the 2000s, government budget deficits became larger as a percent of GDP
a. True b. False
Economics
To be effective, a price ceiling must be below the market equilibrium price
Indicate whether the statement is true or false
Economics