Which of the Following Is a True Statement

question 173

Multiple Choice

Which of the following is a true statement?

• A) The most important sources of economic growth are the quantity and quality of the land and other natural resources a country controls.
• B) The most important source of economic growth is the rate of population growth since a growing population stimulates demand for goods and services, and provides the labor to produce the goods and services.
• C) The most important sources of economic growth are the new ideas generated by entrepreneurs in an economic system that permits them to capture the rewards of their entrepreneurial activities.
• D) The most important source of economic growth is the extent to which the government directly enters into decisions where research and development activities should be directed and who should be involved in research and development activity.

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Definitions:

Disability Insurance

A type of insurance that offers income support to individuals who are unable to work due to a disability.

In-Kind Transfer Program

A form of assistance where goods and services are provided to those in need, rather than cash.

Medicare and Medicaid

U.S. government programs that provide health insurance and medical assistance to specific groups, with Medicare serving older adults and people with disabilities, and Medicaid assisting low-income individuals and families.

Social Security System

A government program that provides financial assistance to people with insufficient or no income, focusing mainly on the elderly, disabled, and families with dependent children.