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.

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Definitions:

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public, by practicing ethical and sustainable business practices.

Sustainability Efforts

Initiatives aimed at promoting environmental stewardship, social responsibility, and economic viability for long-term benefits.

Tax Reform Laws

Legislation passed to amend or completely overhaul a government's tax system to improve its function or to provide economic incentives.

Fuel-Efficient

A characteristic of a vehicle or machine that uses fuel in an effective manner, resulting in more output per unit of fuel consumed.