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1a.Explain why Economic Growth is a necessity for a society. Why is it important to understand...

1a.Explain why Economic Growth is a necessity for a society. Why is it important to understand why we need Economic Growth, but also why too much Growth may be equally detrimental as not enough Growth?

1b.True or False: In the absence of government regulation on employment conditions and wage rates, employers would reduce pay to negligible levels. Provide an explanation for your answer.

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