Which of the Following Is Not a Desirable Characteristic in an Economy

question 18

Multiple Choice

Which of the following is not a desirable characteristic in an economy?

• A) growing per-capita output
• B) rapid increase in the general price level
• C) low unemployment
• D) population growing slower than output

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Definitions:

Marginal Cost

The additional cost incurred by producing one more unit of a good or service, a crucial concept for decision-making in economics.

Terrorist Attacks

Violent acts intended to create fear, carried out by individuals or groups for ideological, religious, or political objectives.

Post Hoc Fallacy

A logical error where one assumes that since event A happened before event B, A must have caused B.

Correlation Problem

Issues arising from attempts to interpret or infer causality from purely correlational data without establishing a clear causal relationship.