Multiple Choice
Suppose Indiana produces only steel and corn, with fixed amounts of land, labor, and capital resources. Which of the following best sets the stage for economic growth?
A) The unemployment rate in Indiana rises from 5% to 6%.
B) The Midwest has a devastating drought.
C) The percentage of Indiana residents with a college degree rises from 25% to 30%.
D) The United States imports more and more low-cost steel from Asian countries.
Correct Answer:
Verified
Correct Answer:
Verified
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