Improved technology helps create a higher standard of living for future generations by

Which of these terms could you use in place of the phrase “human capital”?

Which of the following philosophers argued that a free market would regulate itself with little government involvement?

A nation’s automakers install new robotic machinery to build cars. As a result, cars take only a day to make, and the factories can produce many more cars than before. This is an example of growth caused by

Policymakers pursue all of the following goals to stabilize the economy except

Jean-Baptiste Say argued that entrepreneurs should be called the fourth factor of production because they

What “invisible hand” regulates the free market economy?

Scarcity requires people to make choices. Why?

What is one advantage of a centrally planned economy?

The ways in which factors of production are combined determines the answer to which economic question?

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