Technological change moves the economy upward along the existing production function, thereby increasing productivity and living standards

Which of the following statements is true of equilibrium?

A) Economic agents have an incentive to divert from equilibrium. B) Each economic agent can reach equilibrium irrespective of the actions of others. C) In equilibrium, the opportunity cost of the choices made by each economic agent is zero. D) In equilibrium, all economic agents are choosing the best feasible option simultaneously.

You are an economic advisor to the president. You are asked to recommend a policy to promote long-term economic growth in the economy. Which of the following policies would you choose?

A) a reduction in sales taxes B) a reduction in taxes on luxury yachts C) an investment tax credit D) all of the above