The concept of opportunity cost only applies to societies that operate in a market-based economy.
Answer the following statement true (T) or false (F)
False
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Refer to Figure 27-9. Given that the economy has moved from point A to point B in the graph above, which of the following would be the appropriate fiscal policy to achieve potential GDP?
A) decrease the money supply B) increase government spending C) increase interest rates D) increase taxes
Which of the following could be a direct cause of investment spending increasing?
A. The wealth of consumers increasing causing them to radically increase their purchases. B. Interest rates increase. C. A firms costs unexpectedly drop making their profit margin higher. D. Expected future income decreases.
Define a corporation
What will be an ideal response?
“The benefits of unimpeded immigration exceed the costs.” Do you agree?
What will be an ideal response?