One Way That an Economy Can Grow in the Long

question 96

Multiple Choice

One way that an economy can grow in the long run is by:

• A) people saving some of their income and having it invested in capital goods by firms.
• B) people spending more of their income on consumption and less on saving.
• C) governments running continual budget deficits.
• D) people consuming more than they earn.

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Definitions:

Twenty-fourth Amendment

The Twenty-fourth Amendment to the United States Constitution prohibits both Congress and the states from conditioning the right to vote in federal elections on payment of a poll tax or other types of tax.

Voting Rights

Legal rights guaranteed to individuals allowing them to vote in elections and participate in the democratic process.

Poll Taxes

A tax required as a condition of voting; historically used in the United States to disenfranchise African American voters and others.

Korean War

A conflict between North and South Korea from 1950 to 1953, involving a United Nations force led by the United States and support from China for the North.