Most Modern Economists Agree That There Is a Single Factor

question 36

Multiple Choice

Most modern economists agree that there is a single factor that can be used to explain economic growth.

• A)​This is a true statement because what are needed are abundant resources.
• B)​This is a true statement because at the foundation of economic growth, it is essential that there exist extensive private property rights.
• C)​This is a false statement because nearly all economists believe that economic growth is a complex process without a single dominant factor.
• D)​This is a false statement because economists typically do not agree on policy issues.

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Definitions:

Approach-approach

A conflict situation where an individual has to choose between two attractive options or goals.

Multiple approach-avoidance

A conflict situation where an individual is faced with a choice involving both attractive and negative aspects across several options.

Avoidance-avoidance Conflict

A psychological conflict that occurs when an individual is compelled to choose between two equally unattractive options or outcomes.

Approach-avoidance Conflict

A psychological conflict that occurs when a goal or situation has both positive and negative aspects, making the decision-making process challenging.