Many Economists Believe That Long-Run Economic Growth Is Best Promoted

question 22

Multiple Choice

Many economists believe that long-run economic growth is best promoted by ________ structural change,such as with a policy of ________.

• A)resisting; subsidizing failing industries
• B)resisting; retraining and relocation grants
• C)resisting; contractionary monetary policy
• D)adapting to; assisting retraining and relocation
• E)adapting to; subsidizing failing industries

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Definitions:

Deduction

The process of reasoning from general principles to specific cases, or the subtraction of expenses from income to determine taxable income.

Induction

The process of introducing a new employee to their job and the organization, involving training and information sessions.

Analogy

Examining and contrasting two objects, typically to explain or shed light on them.

Emotional Appeals

Persuasive techniques that aim to elicit emotional responses from the audience to sway their opinion or decision.