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10. Conicting Goals 3) Reduce Unemployment 8: Economic Growth b) Improve Efficiency & Environmental Stewardship c) Price stability & Economic Growth d) Viable Balance of
10. Conicting Goals 3) Reduce Unemployment 8: Economic Growth b) Improve Efficiency & Environmental Stewardship c) Price stability & Economic Growth d) Viable Balance of Payments & Improved productivity 11. What is a \"natural monopoly"? a) When a company purchases its competition b) When all companies so out of business except one c) When you own all the rights to the primary resources d) When having just 1 company best suits the purpose 12. The prot maximizing rule says produce until: a) MR=MC b) TR=AFC c) TR: TC d) MR=AVC 13. Complimentary Goals a) Economics Efficiency 8: Environmental Stewardship b) Price Stability & Economic Growth :3) Full-Employment 8: Equitable Income Distribution d) None of the above 14. If GDP is reduced for two consecutive quarters; which policies are to be used? a) Contractionary Fiscal Policy 8: Tight-Money Monetary Policy b) Easy-Money Monetary Policy 8:. Contractionary Fiscal Policy c) Expansionary Fiscal Policy 8: Tight-Money Policy cl) Easy-Money Monetary Policy 8: Expansionary Fiscal Policy
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