For a Given Level of Technology, a Higher Rate of Economic

question 113

Multiple Choice

For a given level of technology, a higher rate of economic growth can probably be achieved only if a country's citizens are prepared to

• A) accept lower real wages today in exchange for higher real wages in the future.
• B) work longer hours.
• C) increase their demand for goods and services.
• D) sacrifice some present consumption.

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Definitions:

William James

An American philosopher and psychologist who is considered a founder of American psychology and the pragmatism philosophical movement.

Arousal Of Behavior

The activation of the body and mind in relation to behavior, which can influence performance and responsiveness to stimuli.

Principle Of Antithesis

A concept proposed by Charles Darwin suggesting that opposite emotional states are expressed through opposite bodily movements and postures.

Darwin

Charles Darwin, a 19th-century naturalist best known for his contributions to the science of evolution, specifically the theory of natural selection.