One Possible Way of Achieving Faster Economic Growth Is to

question 56

Multiple Choice

One possible way of achieving faster economic growth is to

• A)regulate the amount of international trade and limit it so that not too much occurs.
• B)limit research and development because research and development does not contribute anything to today's production.
• C)assign the government ownership of all capital.
• D)protect property rights and free markets.
• E)tax saving so that people spend more and firms' profits are higher.

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Definitions:

Autoworkers

Workers employed in the automotive industry, typically involved in the design, development, manufacturing, marketing, and selling of motor vehicles.

Soviet Union

A former federation of communist republics located in northern Eurasia, existing from 1922 to 1991.

American Wheat

Refers to wheat produced in the United States, a major global exporter of wheat, known for its quality and used both domestically and internationally.

Derived Demand

The demand for a good or service that arises from the demand for another good or service; for example, the demand for steel is derived from the demand for automobiles.