Which of the Following Statements About Economic Growth Is False

question 83

Multiple Choice

Which of the following statements about economic growth is False?

• A) Greater economic growth means sacrificing in the present for the future.
• B) Greater economic growth is always desirable.
• C) Capital accumulation can result in economic growth.
• D) Labor force growth can increase GDP, but not usually enough to increase living standards.

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Definitions:

Joint Venture

A joint venture is a strategic alliance where two or more parties, usually businesses, form a partnership to share markets, intellectual property, assets, knowledge, and profits.

Contractual Arrangement

An agreement between two or more parties that creates enforceable obligations and rights for each party, often documented legally.

Foreign Firm

A company that is based, incorporated, or originates in a country different from the market it operates in or sells its products to.

Domestic Firm

A company that operates and conducts its business activities within its home country.