Which of the Following Is the Best Definition of Economic

question 2

Multiple Choice

Which of the following is the best definition of economic growth?

• A) The sustained expansion of production possibilities
• B) The opportunity cost of consumption
• C) Increased development of land and entrepreneurship
• D) The opportunity cost of capital
• E) The investment in capital and consumption goods by an economy

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Definitions:

Propensity

An inclination or natural tendency to behave in a particular way.

Terminated By Operation

Describes a condition or method by which something concludes automatically due to the existence of certain predetermined conditions.

Real Estate Broker

A real estate broker is a licensed professional who arranges real estate transactions by matching buyers and sellers, typically earning a commission for their services.

Undisclosed Principal

A person or entity that remains unknown to the third party in a contractual agreement, usually represented by an agent.