U.S. interest payments on the federal debt as a percentage of federal outlays are lower today than in the 1990s
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The process by which new firms and new products replace existing dominant firms and products is called:
A. monopolistic competition. B. the inverted-U process. C. process innovation. D. creative destruction.
Economics
The following graph is the production possibilities frontier of a nation:
Refer to the graph. The combination "5 drill presses and 2 units of bread" indicates an
A. inefficient combination for the nation. B. ideal combination for the nation. C. efficient combination for the nation. D. unattainable combination for the nation.
Economics