In order to promote growth in living standards, policymakers must
a. protect property rights.
b. maintain political stability.
c. encourage the accumulation of factors of production.
d. All of the above
d
Economics
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Which of the following is most likely to occur if a cartel does not find an acceptable way to allocate sales among its members?
A) Output will decrease. B) Prices will rise. C) Selling costs will increase. D) The marginal costs of individual members will rise above their marginal revenue.
Economics
Public choice is concerned with decision making by
A) consumers. B) businesses. C) government. D) foreigners. E) consumers and businesses.
Economics