The Rate of Future Economic Growth Will Be Greater If

question 79

Multiple Choice

The rate of future economic growth will be greater if:

• A) the economy is focused on the production of capital goods.
• B) the existing resources are employed in the production of consumer goods rather than capital goods.
• C) the existing resources are employed equally in the production of consumer goods and capital goods.
• D) the existing resources are saved for later use.

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Definitions:

Socialist Societies

Socialist societies are those that implement a political and economic system where the production and distribution of goods is regulated by the community as a whole, aiming for equality and the absence of social classes.

Diachronic

Pertaining to or considering phenomena, such as languages, cultures, or societies, as they change over time.

Synchronic

Pertaining to the study of phenomena, especially language, at a specific point in time without considering historical context.

Total

Encompasses whole, complete, or entirely comprising the entirety of something, often used in the context of statistical or analytical data.