Question

Read each question regarding economic growth and select all statements that are true. a. A nation...

Read each question regarding economic growth and select all statements that are true.

a. A nation may experience economic growth if it fully utilizes its scare economic resources
b. A nation may experience economic growth if it engages in trade with another nation
c. A nation may experience economic growth if institutional constraints are relaxed such as government relaxing pollution controls and or safety standards
d. A nation may experience economic growth if it increases its stock (quantity) of scarce exonomic resources
e. A nation may experience economic growth if it improves the quality of its existing economic resources

Homework Answers

Answer #1

Statements that are True:

a. A nation may experience economic growth if it fully utilizes its scare economic resources

b. A nation may experience economic growth if it engages in trade with another nation

d. A nation may experience economic growth if it increases its stock (quantity) of scarce exonomic resources

e. A nation may experience economic growth if it improves the quality of its existing economic resources

Reason: As the ability to produce services and goods also leads to an increase in economic growth, so if the quantity and resources are improved it will lead to economic growth.

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