Question

ttemptAverage: 13 8. Costs of economic growth Aa Aa There are some unavoidable tradeoffs when promoting economic growth. The table that follows provides examples of such tradeoffs. Identify the category into which each tradeoff falls: budgetary, consumption, or sacrifice of social goals Note: A single pro-growth policy can involve more than one type of tradeoff, but each of the following statements hints at one specific tradeoff. Sacrifice of Budgetary Consumption Social Goals The government raises personal income taxes to fund corporate profits tax cuts. Some librarians lose their jobs due to the development of powerful Internet search engines An investment tax credit leads to higher interest rates, which prevent some households from financing their purchases of houses and cars. Grade It Now Save & Continue