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Question
Which of the following are required for economic growth?i. more goods and services produced per hour of work
ii. an increase in the average hours of labor per person
iii. an increase in prices
A) i and iii
B) i and ii
C) ii and iii
D) i only
E) ii only
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Scarcity results from the fact that
A) people's wants exceed the resources available to satisfy them.
B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
Q:
Why does scarcity lead to the what, how, and for whom questions?
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B) the social interest.
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B) How will health care be produced?
C) For whom will health care be produced?
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When unskilled teens earn less than college graduates, society answers the ________ question.
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Q:
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Q:
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Q:
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B) a horizontal or a vertical line.
C) a downward-sloping line.
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