Economics is

a. a discipline in the physical sciences
b. a field that deals exclusively with normative issues
c. a field that deals exclusively with positive issues
d. only useful for examining behavior in capitalist economies
e. a discipline that focuses on how choices are made in society

E

Economics

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Refer to Figure 10-1. Which of the following is consistent with the graph depicted above?

A) Technological change increases the profitability of new investment. B) Households become spendthrifts and begin to save less. C) An expected recession decreases the profitability of new investment. D) The government runs a budget surplus.

Economics

What is economic growth?

What will be an ideal response?

Economics