Which of the Following Statements, If Any, Is Correct for a Nation

question 221

Multiple Choice

Which of the following statements, if any, is correct for a nation which is producing only consumption and capital goods?

• A)Other things equal, the more consumer goods a nation produces, the greater will be its future growth rate.
• B)Other things equal, the more capital goods a nation produces, the greater will be its future growth rate.
• C)There is no general relationship between the current division of output between consumer and capital goods and the future growth rate.
• D)None of the above statements is correct.

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Definitions:

Defense

The action of defending from or resisting attack, or the strategies and structures established for this purpose, relevant in both military and legal contexts.

Unregulated Markets

Economic markets that lack governmental oversight and regulation, allowing for free operation according to the forces of supply and demand.

Progressive Reformers

Activists and policymakers in the late 19th and early 20th centuries who sought to address issues of social justice, economic inequality, and corruption through various reforms.

Capitalism

An economic system characterized by private or corporate ownership of goods and the means to produce them, with the goal of generating profit in a competitive market.