All of the Following Are Examples of Institutions That Promote

question 5

Multiple Choice

All of the following are examples of institutions that promote real economic growth EXCEPT

• A) an efficient judicial system used to enforce contracts.
• B) patent laws that protect innovation.
• C) complex rules associated with business licensing used to promote careful business growth.
• D) strong law enforcement used to protect business interests.

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Definitions:

Government Purchases

Expenditures by government bodies on goods and services to fulfill their operational needs and to provide public services.

Aggregate Demand Curve

A graph that shows the relationship between the total demand for all goods and services in an economy and the overall price level, typically having a downward slope.

Aggregate Demand

The total demand for all goods and services within a particular economy at a given overall price level and in a given time period.

Social Security

A government program that provides monetary assistance to people with an inadequate or no income.