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:

Improper Fractions

Fractions where the numerator is greater than or equal to the denominator, resulting in a value greater or equal to one.

Mixed Numbers

Numbers consisting of an integer and a proper fraction.

Lowest Terms

The form of a fraction when the numerator and denominator are reduced to their smallest possible numbers.

Mixed Numbers

A combination of a whole number and a fraction used to represent quantities that are greater than whole numbers but less than the next whole number.