Which of the Following Are Required for Economic Growth

question 104

Multiple Choice

Which of the following are required for economic growth?
I.more goods and services produced per hour of work
Ii.an increase in the average hours of labor per person
Iii.an increase in prices

• A)i and iii
• B)i and ii
• C)ii and iii
• D)i only
• E)ii only

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Definitions:

Economic Differences

Variations in economic conditions or performance, typically among countries, regions, or sectors.

Multinational Corporations

Corporations that own or control production of goods or services in one or more countries other than their home country.

Threat Of Expropriation

The risk that a government will seize private assets or significantly alter their value through regulations or other actions.

Inventory Holdings

The total value or quantity of all the goods a company has in stock, representing a significant component of its assets.