One Principle of Economic Growth Is the Notion That, to Raise

question 19

Multiple Choice

One principle of economic growth is the notion that, to raise living standards over time, an economy must

• A) have full employment of its labor force.
• B) devote some portion of its current output to increasing its future output.
• C) maintain low inflation over the years.
• D) have a small population so that its GDP per person will be high.

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Definitions:

Central Processor

A term relating to the central executive in Baddeley and Hitch’s model of working memory, involved in reasoning, decision making, and updating and manipulating the contents of working memory.

Evolutionary Psychologists

Specialists in a field that applies evolutionary theory to understand the human mind and behavior, focusing on how evolutionary principles explain psychological traits.

Cognitive System

A system of mental processes that includes perception, memory, judgment, and reasoning, responsible for thought and learning.

Evolutionary Forces

Processes such as natural selection, genetic drift, mutation, and gene flow that contribute to the changes in the genetic composition of populations over time.