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Some economists argue that it is possible to raise the standard of living by reducing population growth. As an economist interested in incentives rather than coercion, what kind of policy would you recommend to slow population growth?
Economies of Scale
The cost advantage achieved when production becomes efficient, as fixed costs are spread over more units of output.
Advertising Dollars
The amount of funding allocated to promotional activities in order to increase product or service visibility.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing as scale is increased.
Value Chains
The full range of activities that businesses go through to bring a product or service from conception to delivery to the end user.
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