Private Ownership and Competitive Markets Are Important for Economic Growth

question 123

Multiple Choice

Private ownership and competitive markets are important for economic growth because they provide individuals with a strong incentive to

• A) care for resources and use them beneficially.
• B) innovate and introduce new products that are highly valued relative to their cost.
• C) produce goods efficiently.
• D) all of the above are correct.

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Definitions:

Diseases

Disorders or illnesses that affect a living organism's body, structure or function, not caused by external injury.

Skinfold Technique

A method used to estimate body fat by measuring the thickness of subcutaneous fat at various locations on the body with calipers.

Bioelectrical Impedance

A technique used to estimate body composition, especially fat and muscle mass, by measuring electrical resistance as it passes through the body.

Body Fat

A component of the human body composed of lipid cells, essential for storing energy and protecting organs, with implications for health and physical fitness.