Given the Same Amount of Natural Resources, Which of the Following

question 149

Multiple Choice

Given the same amount of natural resources, which of the following conditions leads to a higher rate of economic growth?

• A)A command and control economy.
• B)A corrupt government.
• C)A country in civil war.
• D)An economy open to foreign immigration and capital.
• E)A landlocked country.

---

Definitions:

Excess Demand

A situation in which the demand for a product exceeds the supply at a set price, leading to shortages.

Bluetooth Headsets

Wireless headsets that use Bluetooth technology to connect with devices such as smartphones, computers, or other electronic devices for audio transmission.

Quantity Demanded

The amount of a good or service that buyers are willing and able to purchase at a specific price.

Excess Demand

Excess demand occurs when the quantity demanded of a good or service at the current price exceeds the quantity supplied, often leading to upward pressure on prices.