Which of the Following Is a True Statement

question 173

Multiple Choice

Which of the following is a true statement?

• A) The most important sources of economic growth are the quantity and quality of the land and other natural resources a country controls.
• B) The most important source of economic growth is the rate of population growth since a growing population stimulates demand for goods and services, and provides the labor to produce the goods and services.
• C) The most important sources of economic growth are the new ideas generated by entrepreneurs in an economic system that permits them to capture the rewards of their entrepreneurial activities.
• D) The most important source of economic growth is the extent to which the government directly enters into decisions where research and development activities should be directed and who should be involved in research and development activity.

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Definitions:

Aristocracy

Aristocracy refers to a form of government in which power is held by the nobility, a privileged class that possesses hereditary titles or ranks, and often has wealth, social status, and political influence.

Wealthy Americans

Individuals or families in the United States possessing a significant amount of financial assets or income.

Feudal Order

A social and economic system prevailing in medieval Europe, characterized by a hierarchy of lords, vassals, and serfs, structured around the control of land.

1880s

A decade during the late 19th century noted for its significant industrial, cultural, and social changes worldwide.