Which of the Following Is a True Statement

question 96

Multiple Choice

Which of the following is a true statement?

• A) Economists who support economic growth say that it is the most practical route to the higher standards of living that the vast majority of people desire.
• B) Most economists believe that the recent rise in the average rate of productivity growth implies an end to the business cycle.
• C) Most economists believe that increases in real GDP actually produce decreases in overall economic well-being because of spillover costs.
• D) Mainstream economists disagree as to whether the rate of productivity growth was higher between 1995 and 2010 or between 1973 and 1995.

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Definitions:

Steamboat Navigation

The use of steam-powered vessels to transport goods and passengers across rivers, lakes, and coastal waters, revolutionizing travel and trade in the 19th century.

U.S. Supreme Court

The highest court in the United States, with ultimate appellate jurisdiction over all federal courts and over state court cases involving issues of federal law, plus original jurisdiction over a small range of cases.

Harriet Martineau

A British social theorist and writer known for her works on sociological, economic, and political themes, including early advocacy for women's rights and abolitionism.

Alexis de Tocqueville

A French political thinker and historian best known for his works "Democracy in America," offering insights into American society and democracy in the 1830s.