Deck 25: Sec 254 Mc Conclusion the Importance of Long-Run Growth

Question 1

In order to promote growth in living standards,policymakers must

A)protect property rights.
B)maintain political stability.
C)​encourage the accumulation of factors of production.
D)​All of the above

Answer 1

A

Question 2

Economists differ in their views of the role of the government in promoting economic growth.A controversial idea is that government should

A)lend support to the invisible hand by maintaining property rights and political stability.
B)lower barriers and impediments to free trade.
C)encourage capital formation.
D)target and subsidize specific industries important for technological progress.

Answer 2

D