The growing post-war (1945–50) economy was sustained by
(a) an expansion of government expenditures.
(b) the general expansion of nearly all sectors despite the decline in government expenditures.
(c) significant increases in both government and private expenditures.
(d) trade deficits.
(b)
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The "cost of rainforest preservation" can be lowered for developing countries by
(a) the development of alternative rainforest products. (b) research on agriculture in rainforest soils. (c) encouraging rainforest settlement of the poor. (d) subsidies for activities like cattle raising.
If there are big gains to be had from specialization and trade, countries generally don’t produce one good because:
A. national economies often are perfectly free markets. B. there is perfectly free trade between national economies. C. specialization is generally limited by trade agreements. D. All of these are true.