Which of the Following Is Most Important If a Country

question 82

Multiple Choice

Which of the following is most important if a country is going to achieve and sustain rapid economic growth?

• A) large government expenditures as a share of GDP
• B) institutions and policies that are supportive of competition (open markets) and freedom of exchange.
• C) free elections and political democracy
• D) monetary policy makers who are willing to expand the supply of money rapidly

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Definitions:

Occupation

The control and possession of a territory, by a foreign military power, often following military conquest or treaty.

Herbert Hoover

The President of the United States, who served his term between 1929 and 1933, was the 31st leader of the nation, and his presidency coincided with the beginning of the Great Depression.

Comfort and Security

The state of being free from worry or danger, often associated with a stable and fulfilling living environment.

SEC Regulations

SEC Regulations refer to the rules and regulations established by the Securities and Exchange Commission, the federal agency responsible for regulating the securities industry, enforcing federal securities laws, and overseeing the stock and options exchanges in the United States.