Society can increase its output and income by increasing its

A. resources and/or the productivity of the resources.
B. private and public sectors of the economy.
C. spending and taxes.
D. markets and prices.


Answer: A

Economics

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Human capital refers to the accumulated skills and training that workers possess

Indicate whether the statement is true or false

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If two goods were to become even stronger substitutes than before, an economist would expect the cross elasticity to become:

a. positive. b. one. c. zero. d. smaller. e. larger.

Economics

Which of the following fixed exchange rate regimes has very little monetary policy autonomy?

A) dirty float B) open peg C) open nonpeg D) closed

Economics

In an inflationary gap, equillibrium ______ full-employment GDP

Fill in the blank(s) with the appropriate word(s).

Economics