How can a country experience economic growth? a
Occurs when a nation’s population decreases over time
b
Occurs when a nation’s total output of goods and services increases over time
c
Occurs when a nation engages in trade with more than one country
d
Occurs when a nation is free from debt

The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.

Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.

Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.