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  • All the following government policies are likely to increase the quantity of some products that are produced. But with one policy, this effect is a side-effect rather than the aim. Which policy is that? #771
  • Which of the following policies would increase production by taking it to a point closer to the production possibility frontier, but would not shift the frontier? #772
  • Suppose a country is currently producing at a point on its production possibility frontier, and undertakes no trade with other countries. Then trade is opened up. Which of the following would not occur as a direct result? #773
  • Which of the following policies is not classed as a stabilization policy? #774
  • Which of the following statements is a positive statement? #775
  • Which of the following statements is false? #776
  • Suppose you buy Economics by David King. What is the opportunity cost of your purchase? #777
  • The supply and demand model applies when three of the following four conditions are met. Which condition is not required? #778
  • Which of the following predictions is not made by the supply and demand model? #779
  • Suppose there is excess supply in a market and the price decreases. Which of the following combinations of events will occur? #780
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