An outward shift of the production possibilities curve represents
A) economic contraction.
B) economic growth.
C) economic recession.
D) economic inflation.
B
Economics
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Explain the relationship between the incidence of a tax and elasticity
What will be an ideal response?
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The term "twin deficits" refers to
A) government budget and trade deficits. B) saving and investment deficits. C) exports and imports deficits. D) production and expenditure deficit.
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