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No country can produce everything that its people want to consume. Which central problem of an economy is addressed in this statement? a. What to

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No country can produce everything that its people want to consume. Which central problem of an economy is addressed in this statement? a. What to produce O b. For whom to produce O c. How to produce O d. Where to produce Suppose the American based car manufacturer Ford works in India. Determine what is most correct about the value of output produced by the company? a. The output will be added to the GNP of India b. The output will be added to the GDP of America and India c. The output will be added to the GNP of America and India Od. The output will be added to GDP of India is the total amount of goods and services that firms are willing and able to sell at a given price level in an economy. a. Supply b. Aggregate supply c. Aggregate demand d. Demand

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