Which of the following favors government policies to stimulate the economy by creating incentives for individuals and businesses to increase their productive efforts?

Economic growth can be depicted as

A) an outward shift on the production possibilities curve. B) a movement up on the production possibilities curve. C) a movement down on the production possibilities curve. D) an inward shift on the production possibilities curve.

Assume a national brewing company loses market share to a lower-priced competitor. Assume also that the company's workers go on strike and are able to negotiate a hefty wage increase

As such, we can conclude, with certainty, that the combination of these two changes would cause the equilibrium price and quantity of the company's product to decrease. Indicate whether the statement is true or false