Productivity growth is the main cause of rising living standards.

Answer the following statement true (T) or false (F)


True

Economics

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If the MPC = 4/5, then the government purchases multiplier is

a. 5/4. b. 4/5. c. 5. d. 20.

Economics

Trading off capital goods for increasing amounts of consumer goods today will most likely result in

A. decreased long-term growth. B. increases in the quantity of consumer goods. C. decreased prices in consumer goods. D. increased long-term growth.

Economics

Why has agriculture become a declining industry over the past half century? Explain

What will be an ideal response?

Economics

In order to increase society's well-being, education might be

a. taxed to discourage production b. subsidized to encourage production c. taxed to encourage production d. subsidized to discourage production e. provided without government intervention

Economics