Which of the Following Statements Concerning Economic Growth Is True

A Overuse of current resources without planning for future needs is sustainable. The basis sources of growth in the economy are increase in capital human resources natural resources technological change and innovation and efficiency.

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Which of the following statements regarding US.

. Government spending is not a source of. Privatization involves replacing a state-owned monopoly with a private monopoly. Which of the following is a true statement regarding the economic growth models from ECON 1100 at University of Guelph.

Which of the following is a true statement concerning economic growth. B It does not factor in the cost of production based waste. Economic growth has a zero cost in terms of both production and consumption.

Growth results in an outward shift in societys production possibility boundary. 231 Medieval economics was a combination of capitalistic and feudal practices Medieval economics simply repeated the thought and practice of earlier economic thinkers. Involvement in Southeast Asia are true.

Medieval economics overall tended to discourage merchant activity and technical innovation. 2 See answers Advertisement Advertisement cvgold11 cvgold11 heavy rains at least seasonally across the region. B With the recent use of high-speed computers economists are able to measure the size of the informal sector accurately.

Which of the following is true concerning economic growth. Both statements concerning economics growth are correct. In some cases imports also contribute to economic growth especially if the imported items are needed for production and manufacturing in the country.

B New production techniques can cause the level of sustainable output to increase. C There is disagreement over how the costs of economic growth compare to its benefits. A There are no costs associated with economic growth.

8 Sustainable Economic Growth Which statement regarding sustainable economic growth is true. It provides easy access to important sea trade routes. Which of the following statements concerning the medieval economy is most true.

3 on a question. Many political decisions affect the lives and economic status of people in other nations. BWith long-run economic growth there is an increase in aggregate supply.

C An increase in real GDP per capita implies that income is more evenly distributed in the economy. A Changes in per capita nominal GDP are used to measure economic growth because population growth can distort the figures and we want to use the nominal amounts since. Which of the following statements regarding politics and the economy is true.

Growth is generally represented by a movement along the societys production possibility boundary. 49 Enforcing property rights in an economy will A raise the level of investment. Economic growth has a zero cost in terms of both production and consumption.

Both statements concerning economics growth are correct. Economic growth ends scarcity. Neither statement concerning economic growth is correct.

Growth tends to be high when. AIf the population is growing faster than potential output real gross domestic product per capita will definitely increase. Growth is generally.

A It emphasizes the importance of current consumption over future consumption. B decrease the opportunities for trade. Which statement is true regarding sustainable economic growth.

Economic growth is a short-run process Growth of an economy is generally a smooth process that occurs over time Economic growth is a long-run process resulting from the compounding of many events To measure economic growth economists analyze changes in the national debt. The economic growth model predicts that countries with lower real GDP per capita will grow faster than countries with higher real GDP per capita but other high-income countries have actually fallen further behind the United States rather than catching up to it. C Economic output is sustainable if it is caused by expansionary governmental.

D When measuring economic. Which of the following is true concerning economic growth. Which of the following statements concerning economic growth is true.

The rule of law is essentially the idea that everyone in society agrees to be governed by and follow the laws of society and this is favourable for economic growth. A Real gross domestic product GDP measures the impact of economic growth on pollution and environmental degradation. The privatization movement started in China in the early 1980s.

Growth tends not to occur under socialism. Economic growth ends scarcity. Which of the following statements is true about economic growth.

Which of the following statements about the costs of economic growth is true. Which of the following statements concerning economic growth is true. Economics questions and answers.

Because political decisions are typically made on a nation-by-nation basis many of these decisions do not affect the lives and economic status of people in other nations. For privatization to become successful countries should adopt communism. Neither statement concerning economic growth is correct.

B The costs of economic growth are clearly less than its benefits.

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