A balance of payments deficit is associated with a ________ of international reserves, while a balance of payments surplus is associated with a ________

Which statement is consistent with the economic way of thinking?

A) Politicians seek to advance their own interests. B) Politicians are not only concerned with money and material goods. C) Politicians do not necessarily pursue narrow or selfish goals. D) All of the above. E) None of the above.

Technological change allows the economy to produce more output with the same amount of capital and labor

Indicate whether the statement is true or false