The sustained expansion of production possibilities is called

A) opportunity cost of growth.
B) production possibilities.
C) economic growth.
D) economic investment.
E) production expansion.


C

Economics

You might also like to view...

How does the federal government finance a budget deficit?

A) It borrows funds by selling Treasury bonds. B) It cuts spending on entitlement programs. C) It redeems its IOUs. D) It purchases U.S. Treasury bonds.

Economics

Refer to the above table. Suppose the price of Y rises from $18 to $20. What is the cross price elasticity of demand between X and Y?

A) -2 B) -1 C) 0 D) +1

Economics

Net exports equal:

A. exports minus imports. B. exports minus depreciation. C. exports plus imports. D. the value added of exports.

Economics

The ________ approach to exchange rates emphasizes the importance of the supply and demand for money as a key to understanding the determinants of exchange rates.

A. monetary B. asset market C. balance of payments D. purchasing power parity

Economics