Factors of production is another name for
a. the goods produced in a production possibilities table
b. the goods not produced in a production possibilities table
c. the goods produced in international trade
d. resources
e. money
D
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A government decision to privatize a sector of the economy formerly operated by the government is an example of ________ policy.
A. aggregation B. structural C. fiscal D. monetary
Both a parallel market and a black market are free markets permitted to coexist with the official market
Indicate whether the statement is true or false
Assume a simple economy without a government and that saving and borrowing behavior is never observed. Then the value of
A) production is equal to income. B) expenditures is less than the value of production. C) production is less than the value of expenditures. D) production is less than income.
When per capita real GDP is increasing, real output is growing
What will be an ideal response?