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Author Question: Most modern economists agree that there is a single factor that can be used to explain economic ... (Read 33 times)

SGallaher96

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on: Jun 30, 2018
Most modern economists agree that there is a single factor that can be used to explain economic growth.
 a. This is a true statement because what are needed are abundant resources.
 b. This is a true statement because at the foundation of economic growth, it is essential that there exist extensive private property rights.
  c. This is a false statement because nearly all economists believe that economic growth is a complex process without a single dominant factor.
  d. This is a false statement because economists typically do not agree on policy issues.

Question 2

Which of the following is related to the concept of trade-off used in economics?
 a. Paying tuition to attend college
  b. Paying a high price for a movie ticket on the first day of screening
  c. Not having enough information available to make a rational decision
  d. Giving up one good or activity in order to obtain some other good or activity
  e. Having your cake and eating it too


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amanda_14

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


SGallaher96

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

diana chang

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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