On the Basis of Theory and Empirical Evidence,economists Have Reached

question 122

Multiple Choice

On the basis of theory and empirical evidence,economists have reached several conclusions about economic growth.Which of the following is not one of these conclusions?

• A)A relatively simple way to increase growth rates permanently is to increase a country's saving rate.
• B)Growth is generally inhibited rather than promoted by policies like protective tariffs.
• C)Well-established property rights that are enforced by fair and efficient courts are important to economic growth.
• D)Countries with few domestic natural resources still have opportunities for economic growth.

---

Definitions:

Agency Costs

Expenses related to resolving conflicts of interest between company managers and shareholders.

Employee Empowerment

The delegation of greater decision rights to members of the organization.

Decision Rights

The rights or authority to make decisions within an organization, often delineated by roles or levels within the organizational structure.

Transactions Costs

Expenses incurred when buying or selling goods or services, including search, bargaining, and enforcement costs.