For economic growth to increase living standards
A. society must acquire more resources.
B. the rate of growth must exceed the rate of population increase.
C. society must discover ways of using available resources more efficiently.
D. the choices available to consumers must increase.
Answer: B
Economics
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Assuming all else equal, the demand curve for reserves in an economy shifts to the left. Which of the following could be a likely reason for this shift?
A) An increase in the federal funds rate B) A decrease in the federal funds rate C) Rapid contraction of the economy D) Rapid expansion of the economy
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The efficient quantity of a public good is the quantity that has the highest possible marginal social benefit
Indicate whether the statement is true or false
Economics