Which of the Following Is a Driving Force Underlying Economic

question 6

Multiple Choice

Which of the following is a driving force underlying economic growth?

• A) trade restrictions that protect domestic businesses from competition with foreign producers
• B) regulations that require businesses to obtain permission from the government before starting a new business
• C) tax increases that expand the revenues of the government
• D) entrepreneurial discovery and production of improved products

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Definitions:

Trademark

A distinctive mark, motto, device, or emblem that a manufacturer stamps, prints, or otherwise affixes to the goods it produces so that they can be identified on the market and their origins made known. Once a trademark is established (under common law or through registration), the owner is entitled to its exclusive use.

Patent

A government grant that gives an inventor the exclusive right or privilege to make, use, or sell an invention for a limited time period.

Copyright

The exclusive right of an author or other creator to publish, print, or sell an intellectual production for a statutory period of time.

Employment Law

The branch of law that deals with the rights and duties between employers and workers.