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Correct Answer: A) Making a rational economic choice.
Correct Answer: C) The growth rate.
Correct Answer: C) Aggregate demand being lower than potential output.
Correct Answer: B) What to produce, how to produce, for whom to produce.
Correct Answer: C) Interest rates.
Correct Answer: C) Buy factors of production.
Correct Answer: C) The lower the literacy rate, the lower the standard of living.
Correct Answer: B) Gross Domestic Product (GDP).
Correct Answer: A) Obsolete.
Correct Answer: B) When countries lift some government control, they experience economic growth.
Correct Answer: B) True.
Correct Answer: A) There was relatively little economic growth.
Correct Answer: A) The needs and wants of a growing population are satisfied and new jobs are created for those who enter the workforce.
Correct Answer: B) Abundance of oil, but a scarcity of water.
Correct Answer: D) Increased labour force.
Correct Answer: D) Natural Resources.
Correct Answer: C) High unemployment.
Correct Answer: A) To expand the railroad system in Texas.
Correct Answer: B) Educated populations have a higher standard of living than uneducated populations.
Correct Answer: C) Highly skilled.
Correct Answer: C) The education and skill level of its workforce.
Correct Answer: D) Stage 2:Pre-Condition for Take-Off.
Correct Answer: B) Economic Development.
Correct Answer: C) Arthur Ashe.
Correct Answer: B) The costs of electricity are too high, and infrastructures are still substandard.