After the inflation of the Johnson-Nixon-Ford years (1963–1976), the Carter Administration, while still inflationary, managed to slow down the rate of advancing prices

Opportunity cost

A) can only be measured as a paid cost. B) is always the value of the next best forgone opportunity. C) does not exist since there are no receipts. D) is always the lowest valued alternative.

Which of the following factors causes economic growth?

a. a decline in capital goods production b. a loss of resources c. the production of more scarce goods d. a technological improvement e. the production of more consumer goods