Supply-side economists encourage government to reduce taxes, deregulate, and increase spending on research and development because they think that these types of policies lead to greater long-run economic growth

One of the opportunity costs of economic growth is

A) capital accumulation. B) technological change. C) reduced current consumption. D) the gain in future consumption.

The problem of determining for whom to produce exists because:

A) government regulations prevent firms from producing the kinds of goods that consumers want. B) a decision that one person or group will receive a good or service usually means that another person or group will not. C) taxes on firms make it more costly for them to produce all the goods that people want. D) taxes on consumers make it more difficult for them to buy all the goods they want.