The economic growth of the United States over the last half-century ________

A) is best understood as the result of high levels of saving and investment
B) is quite similar to the experience of most other economies
C) was driven by rising import purchases
D) has been slower than growth in several other economies

D

Economics

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When the amount of output is such that marginal social benefit exceeds marginal social cost, then to reach the efficient quantity

A) production should be increased. B) production should be decreased. C) production should remain constant. D) More information is needed to determine if production should be increased, decreased, or not changed.

Economics

A dynamic decision is one that

A) is made very quickly. B) involves only the present. C) involves only the future. D) involves planning over more than one time period.

Economics