All of the Following Are Preconditions for Economic Growth EXCEPT

question 84

Multiple Choice

All of the following are preconditions for economic growth EXCEPT
I.property rights.
Ii.democracy.
Iii.free markets.

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

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Definitions:

Opportunity Cost

The lost potential gain from other alternatives when one alternative is chosen.

High Speed Rail

A type of passenger rail transport that operates significantly faster than traditional rail traffic, using specialized tracks and trains.

Breast Cancer

A type of cancer that develops from breast tissue, representing one of the most common cancers worldwide, especially among women.

Allocation

The process of distributing resources or assigning tasks among people, projects, or various components of an organization.