A consumer who chooses the optimal bundle will go to a point on the highest attainable indifference curve.

Why is investing in technology a better option than investing in labor or capital as a means to sustained growth?

What will be an ideal response?

Which of the following would encourage domestic producers to compete internationally?

a. Tax increases b. Policies that make domestic sales more attractive c. Cash payments d. Expropriation e. High-interest loans