An example of a cost of economic growth is
A) longer life spans.
B) political instability.
C) alienation.
D) increases in illiteracy.
C
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Protection is rarely withdrawn from infant industries because such firms are necessary to ensure creation of domestic jobs
a. True b. False Indicate whether the statement is true or false
The Fed would engage in ____ it wanted to address an inflationary gap
a. expansionary monetary policy b. contractionary monetary policy c. contractionary fiscal policy d. expansionary fiscal policy
Mary receives a consumer surplus of $500 from purchasing a purse. If the market price of the purse is $1,500, the price Mary is willing to pay is $1,600
a. True b. False Indicate whether the statement is true or false
On average, since 1900 U.S. output has grown roughly ________ times faster than population growth.
A. 3 B. 4 C. 2 D. 5