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Increasing our nations production possibilities

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Reference no: EM131200009

Describe at least one government policy that you believe would be effective in increasing our nations' production possibilities (creating economic growth) and therefore increasing our nation's average absolute standard of living. Support your recommendation.

What explains why millions of economic resources tend to get arranged logically and productively rather than haphazardly and unproductively?" (Hint: Think in terms of the role of the institution of private property in a capitalist economy.)

Reference no: EM131200009

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