Which of the Following Is Correct

question 24

Multiple Choice

Which of the following is correct?

• A)There is no debate about the effects of higher population growth on economic growth.
• B)Natural resources clearly place limits on growth;there is simply no way to reduce either the amount or type of natural resources needed to produce goods.
• C)How much an increase in capital increases a country's output is independent of that country's current level of capital.
• D)Economists argue that outward rather than inward policies are likely to promote economic growth.

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Definitions:

Highest Bid

The highest price offered by a bidder at an auction or in a competitive bidding process.

Firm Offer

A rule that no consideration is necessary when a merchant agrees in writing to hold an offer open for the sale of goods.

Consideration

The value (such as money, a promise, or an act) exchanged between parties in a contract.

E-mail

A method of exchanging messages digitally across the internet or other computer networks.