Which of the Following Is a Potential Cost of Long-Run

question 55

Multiple Choice

Which of the following is a potential cost of long-run growth?

• A)Increased unemployment
• B)Resource exhaustion
• C)Higher trade surplus
• D)Higher budget deficits

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Definitions:

Empirical Evidence

Information acquired by observation or experimentation that is used to confirm or disprove a hypothesis or theory.

Pseudoscientific Relatives

Concepts or theories that are claimed to be scientific but lack empirical evidence and adherence to the scientific method.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, often involving questioning assumptions and identifying biases.

Commonsense Statements

Assertions or beliefs that are widely held and considered to be self-evidently true without need for proof.