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.

Recognize valid mathematical forms of constraints in linear programming problems.

Understand the concept of the optimal solution, including its determination and its location within the feasible region.

Grasp the application of linear programming in practical scenarios such as product mix, resource allocation, and minimization or maximization problems.

Familiarize with the iso-profit line solution method and its application to maximize the objective function in linear programming.

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Definitions:

Mediation-arbitration

A hybrid dispute resolution process that begins with mediation in an attempt to encourage a mutually agreeable settlement and moves to arbitration if mediation is unsuccessful.

Neutral

A person or entity without bias toward a specific outcome, often involved in mediating disputes or ensuring fair processes.

Fact-finding

A process of gathering and analyzing facts related to a specific issue or dispute, often used in arbitration, mediation, or policy-making to inform decisions and resolutions.

Nonbinding Recommendations

Advisories issued by an authority or organization that lack the power of enforceable law but aim to guide behavior or action.