An important condition required for economic growth is
A) economic freedom.
B) a libertarian government.
C) a totalitarian government.
D) a democratic government.
E) the incentive to limit international trade so that all economic growth remains within the country.
A
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In a graph that illustrates a perfectly competitive firm, marginal revenue is
A) a diagonal line that lies below the firm's demand curve. B) a line that intersects the firm's demand curve from below at its lowest point. C) the same as the firm's demand curve. D) a line that intersects the firm's average total cost curve from below at its lowest point.
Which of the following would cause a movement up (or leftward) along the demand curve for European autos in the United States?
a. an increase in the price of American autos b. a decrease in the price of American autos c. an increase in income in the United States d. an increase in the price of European cars
Suppose households attempt to increase money holdings. To stabilize output and employment, the Federal Reserve will _____
Fill in the blank(s) with correct word
When a government raises its budget deficit, then that country's
a. national saving rises, so its supply of loanable funds shifts right. b. national saving falls, so its supply of loanable funds shifts left. c. national saving rises, so its demand for loanable funds shifts right. d. national saving falls, so its demand for loanable funds shifts left.