Which Statement About Long-Run Economic Growth Is True

question 23

Multiple Choice

Which statement about long-run economic growth is true?

• A) It occurs when an economy makes use of underutilized resources.
• B) It is easier to achieve than short-run economic growth.
• C) It is likely to occur when the capacity to produce goods and services increases.
• D) It is likely to occur when obstacles preventing resources from being used are reduced.

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Definitions:

Exposure Therapy

A psychological treatment that involves confronting fears directly by gradual exposure to the feared object, situation, or activity.

Post-traumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Cognitive Therapy

A form of psychotherapy that emphasizes the importance of thought patterns in influencing behavior and emotions.

Depression

A common and serious medical illness that negatively affects how you feel, the way you think, and how you act, characterized by persistent sadness and a lack of interest or pleasure in previously rewarding or enjoyable activities.