A society's decision to produce more tanks may require it to forgo production of some cars

a. True
b. False
Indicate whether the statement is true or false

True

Economics

You might also like to view...

International trade currently involves about ______________ worth of goods and services thundering around the globe.

a. $200 billion b. $20 trillion c. $200 trillion d. $2 trillion

Economics

Contractionary monetary policy to prevent real GDP from rising above potential real GDP would cause the inflation rate to be ________ and real GDP to be ________

A) higher; higher B) higher; lower C) lower; lower D) lower; higher

Economics