One Possible Way of Achieving Faster Economic Growth Is to

question 56

Multiple Choice

One possible way of achieving faster economic growth is to

• A)regulate the amount of international trade and limit it so that not too much occurs.
• B)limit research and development because research and development does not contribute anything to today's production.
• C)assign the government ownership of all capital.
• D)protect property rights and free markets.
• E)tax saving so that people spend more and firms' profits are higher.

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Definitions:

Breach of Contract

The violation of a legal agreement between parties, where one party fails to fulfill their promised obligations, leading to legal consequences.

Tort

A civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.

Gas Main

The primary pipeline through which natural gas is transported to residential, commercial, or industrial premises.

Legislation

Laws that have been promulgated (enacted) by a government body.