Growth is advantageous to a nation because it
A) promotes faster population growth.
B) lessens the burden of scarcity.
C) eliminates the economizing problem.
D) slows the growth of wants.

Question

Quizplus · Accepted Answer

Growth leads to an increase in productivity and production, which results in less scarcity and an improvement in the standard of living. Option A and D are incorrect because growth does not necessarily lead to faster population growth or slow the growth of wants. Option C is incorrect because the economizing problem can never be completely eliminated, as resources are always limited.

Growth Is Advantageous to a Nation Because It