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A production possibilities curve shows the relationship between the production of
to promote the general welfare
It makes production more efficient.
low unemployment due to guaranteed jobs
any two categories of goods.
buying or not buying products
high employment, growth, and stability
highway system
The central government makes all economic decisions.
What are the government’s three goals as it tries to promote economic strength?
to promote the general welfare
It makes production more efficient.
low unemployment due to guaranteed jobs
any two categories of goods.
buying or not buying products
high employment, growth, and stability
highway system
The central government makes all economic decisions.
In a free enterprise system, how do consumers most often express their desires to businesses?
to promote the general welfare
It makes production more efficient.
low unemployment due to guaranteed jobs
any two categories of goods.
buying or not buying products
high employment, growth, and stability
highway system
The central government makes all economic decisions.
Which of the following describes a centrally planned economy?
to promote the general welfare
It makes production more efficient.
low unemployment due to guaranteed jobs
any two categories of goods.
buying or not buying products
high employment, growth, and stability
highway system
The central government makes all economic decisions.
Which of the following might be a positive aspect of centrally planned economies?
to promote the general welfare
It makes production more efficient.
low unemployment due to guaranteed jobs
any two categories of goods.
buying or not buying products
high employment, growth, and stability
highway system
The central government makes all economic decisions.
How can specialization benefit an economy?
to promote the general welfare
It makes production more efficient.
low unemployment due to guaranteed jobs
any two categories of goods.
buying or not buying products
high employment, growth, and stability
highway system
The central government makes all economic decisions.
Why does the U.S. government intervene in the economy?
to promote the general welfare
It makes production more efficient.
low unemployment due to guaranteed jobs
any two categories of goods.
buying or not buying products
high employment, growth, and stability
highway system
The central government makes all economic decisions.
Which of the following is the best example of a public good?
to promote the general welfare
It makes production more efficient.
low unemployment due to guaranteed jobs
any two categories of goods.
buying or not buying products
high employment, growth, and stability
highway system
The central government makes all economic decisions.
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