Which of the following is a tenet of conventional economic theory?
A)Externalities are valuable.
B)Resources are finite.
C)Growth is good.
D)Long- term effects and planning are important.

Question

Quizplus · Accepted Answer

Conventional economic theory values economic growth as a means to improve standards of living and create wealth. This is based on the assumption that resources are unlimited or can always be substituted, and externalities are not given priority in decision-making. The focus is on short-term gains rather than long-term planning and impacts.

Which of the Following Is a Tenet of Conventional Economic