Society as a whole faces opportunity costs because
a. there is not enough money to go around
b. politicians are greedy
c. workers shirk their responsibilities and management is unable to compensate for this
d. resources are abundant
e. resources are scarce
E
Economics
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A government policy that taxes saving in order to discourage saving and encourage spending will
A) slow economic growth. B) speed economic growth. C) create a greater incentive for people to specialize. D) strengthen people's property rights. E) increase the growth rate of capital.
Economics
In the above figure, if the union has Q2 members and wants to ensure that all members have jobs, it will set wage equal to
A) W1. B) W2. C) W3. D) none of the above.
Economics