One of the basic economic defences of economic growth rests on the conclusion that:
A)growth makes workers less obsolete and more secure in employment.
B)growth reduces the cost of "common property" resources to society.
C)growth makes the gap between unlimited wants and scarce resources less acute.
D)a growth-oriented society has a relatively equitable income distribution.

Question

Quizplus · Accepted Answer

Economic growth allows for an increase in the production of goods and services, which can make the gap between unlimited wants and scarce resources less acute. This is because growth allows for an expansion of resources and increases the number of goods and services that can be produced, making them more widely available to the population. Additionally, growth can lead to technological advancements and innovations that can result in the creation of new products and services, further reducing the scarcity of resources.

One of the Basic Economic Defences of Economic Growth Rests