________ cost is defined as a cost of production that does not entail a direct money payment

Which of the following policy options would not be used to eliminate an inflationary gap?

a. Decrease government spending. b. Decrease consumption. c. Increase investment. d. Decrease taxes.

The term consumer sovereignty means that:

A. Government is responsible for protecting consumers' interests B. What is produced is ultimately determined by what consumers buy C. There are no limits on what consumers may buy in a market system D. Producers have strong control over what consumers buy