Economic Growth Solves the Problem of Scarcity

question 151

True/False

Economic growth solves the problem of scarcity.

---

Definitions:

Rate of Return

Financial returns or setbacks on an investment over a specific duration, expressed in terms of a percentage of the investment's purchase price.

Actively Managed Mutual Funds

Investment funds where fund managers actively make decisions about buying and selling stocks or bonds to beat the market.

Passive Indexes

Investment funds designed to mimic the composition and performance of a designated market index, thereby minimizing management decisions and costs.

ETFs

Exchange-Traded Funds, investment funds that are traded on stock exchanges, much like stocks, but hold assets such as stocks, commodities, or bonds.