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Virtual SC Economics CP UPDATED Exam Questions and CORRECT Answers

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The study of economics involves ________________ a) explaining how people deal with scarcity b) studying how things are made, bought, sold, and used c) explaining how incomes are earned and how jobs are created d) all of these - Correct Answer: D When a nation's total output increases over time, the nation is experiencing _____________ a) a decrease in gross domestic product b) economic growth c) economic interdependence d) an expansion of the possibilities curve - Correct Answer: B

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Virtual SC Economics CP UPDATED Exam Questions and CORRECT Answers

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