Author Question: In the long run, the most important source of increase in a nation's standard of living is a: a. ... (Read 405 times)

09madisonrousseau09 · **on:** Jun 30, 2018

In the long run, the most important source of increase in a nation's standard of living is a:
a. zero rate of population growth.
b. high rate of economic growth.
c. high rate of consumption.
d. high rate of labor force growth.

Question 2

An example of an opportunity cost is the time you forgo to eat a free lunch.
a. True
b. False
Indicate whether the statement is true or false