Activities That Encourage Faster Growth Are

question 34

Multiple Choice

Activities that encourage faster growth are

• A)imposing trade barriers to limit international trade and thereby protect national industries.
• B)limiting property rights so that everyone can use any invention.
• C)high levels of saving and investment in human capital.
• D)taxes on saving that serve to encourage more spending and less saving.
• E)high levels of consumption and low levels of savings.

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Definitions:

Mutually Exclusive

Two or more events that cannot happen at the same time; the occurrence of one event precludes the occurrence of the other(s).

Nonzero Probabilities

Probabilities that are greater than zero, indicating that an event has a chance of occurring.

Sample Space

The set of all possible outcomes or results in an experiment or a random trial.

Experimental Outcomes

The possible results that can occur from a planned experimental procedure, each outcome being a unique result of the experiment.