Liberals tend to favor increasing taxes as the method of counteracting inflation.

As an economy grows,

A) its PPF does not shift; instead, the production point moves from inside the PPF to be closer to the PPF. B) the opportunity cost of production will approach 0. C) it can eliminate scarcity. D) its PPF shifts outward. E) the opportunity cost of production will increase.

The nationality of a company and a product is easily determined

a. True b. False Indicate whether the statement is true or false