A. an increase in imports. B. a random increase in demand. C. a decrease in expo

Question

A. an increase in imports.

B. a random increase in demand.

C. a decrease in exports.

D. a change in technology.

E. the implementation of laws to protect private property.

B. Taxes on both consumers and businesses restrict economic growth; hence taxes on both consumers and businesses should be abolished to promote growth.

C. Taxes on businesses restrict economic growth; hence taxes on businesses should be abolished to promote growth.

D. Taxes on consumers restrict economic growth; hence taxes on consumers should be abolished to promote growth.

4. If real per capita GDP continues to grow at this rate, it would double in ______ years. Give your answer to the second decimal.

Explanation / Answer

1.B. a random increase in demand.

C. a decrease in exports.

D. a change in technology.

2. A. Taxes on both consumers and businesses restrict economic growth; hence an efficient tax system is necessary to fund government activities without largely impeding production and consumption decisions.

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