_____ and _____ Can Be Considered as the Engines of Long-Run

question 131

Multiple Choice

_____ and _____ can be considered as the engines of long-run economic growth.

• A)Regulation;universal education
• B)Regulation;democracy
• C)Innovation;entrepreneurial activity
• D)Capital;subsidies

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Definitions:

Probabilities

Measures of the likelihood that an event will occur, expressed as a number between 0 and 1.

Probability Values

Numerical values that represent the likelihood of the occurrence of a specific event or outcome.

Mutually Exclusive

Two or more events that cannot happen at the same time; the occurrence of one event precludes the occurrence of the other(s).

Nonzero Probabilities

Probabilities that are greater than zero, indicating that an event has a chance of occurring.