The rate of real economic growth
a. is underestimated using measures of income growth
b. is overestimated using measures of income growth.
c. is underestimated using measures of technological growth.
d. is overestimated using measures of technological growth.
a
Economics
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Which of the following is NOT a legal barrier to entry?
A) public franchise B) government license C) patent D) innovation
Economics
The efficient output level of a public good occurs where the
A) greatest number of free riders occurs. B) marginal cost of producing the last unit is equal to the marginal benefit realized by consumers. C) marginal cost of production is minimized. D) total cost of production is affordable.
Economics