A major argument for economic growth is that it:
A)creates an equal distribution of income.
B)protects common property resources.
C)leads to a higher standard of living.
D)reduces the amount of taxation.

Question

Quizplus · Accepted Answer

Economic growth is believed to lead to a higher standard of living as it results in increased employment opportunities, greater income generation, and improved access to goods and services. However, economic growth does not necessarily create an equal distribution of income, protect common property resources, or reduce taxation.

A Major Argument for Economic Growth Is That It