A tradeoff is
A) represented by a point inside a PPF.
B) represented by a point outside a PPF.
C) a constraint that requires giving up one thing to get another.
D) a transaction at a price either above or below the equilibrium price.
C
Economics
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What are the four components of M1?
What will be an ideal response?
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New growth theory proposes that real GDP per person grows because of ________ and that growth ________
A) the pursuit of profit; can persist indefinitely B) productivity shocks; can persist indefinitely C) technological change; can only increase above the subsistence level temporarily D) productivity shocks; occurs randomly
Economics