Consider the Newer Theories of Economic Growth

question 78

Multiple Choice

Consider the newer theories of economic growth.Given the rapid growth of world population in recent decades,the present needs and aspirations of the world's population can likely only be met through

• A)enormous increases in financial capital.
• B)increasing knowledge and technological improvements.
• C)reductions in the world's capital stock,as a means of controlling the exhaustion of natural resources.
• D)coordination of fiscal and monetary policies.
• E)relatively small increases in the saving rates of the developing economies.

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Definitions:

Producer

Organisms, typically plants, that produce their own food through the process of photosynthesis, serving as a primary source of energy in a food chain.

Nitrogen

A chemical element, denoted by N, which is a vital component of amino acids and nucleic acids.

Ammonium

A positively charged ion (NH4+) formed by the addition of a hydrogen ion to ammonia, important in nitrogen metabolism.

Nitrate

A polyatomic ion with the chemical formula NO3-, commonly found in fertilizers and an essential nutrient for plant growth.