As capacity utilization in an economy rises:
a. firms sell their fixed assets to remain solvent.
b. the gap between the potential output and actual output widens.
c. firms reduce their demand for labor.
d. employment of inputs by firms declines.
e. firms add more factories and machines and increase output.
e
Economics
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Analysis that is limited to making either purely descriptive statements or scientific predictions is
A) positive economics. B) normative economics. C) microeconomics. D) macroeconomics.
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In communism, central planners decide which of the following?
a. what goods and services will be produced b. how much will be produced c. who will produce and consume the goods and services d. All of the above are correct.
Economics