Private industry can promote economic growth byПитання 6Виберіть одну відповідь:a.offering products at artificially low pricesb.implementing innovative production techniquesc.hiring workers who are not really neededd.giving a significant amount of profits to charity

Which of the following will promote economic growth?Питання 4Виберіть одну відповідь:a.Increased taxesb.A new production technique that lowers costsc.More strict pollution standards for corporationsd.Government regulation

Which of the following will promote economic growth?Питання 8Виберіть одну відповідь:a.Price controls that keep prices lowb.Lower wagesc.An increase in the amount of capitald.Increased government spending

Give an example of using resources more efficiently to promote economic growth.

A ‘social cost’ of production is

An economic system based on competition in the marketplace and private ownership of the factors of production is known as:Group of answer choicescapitalismScratchutopianismScratchsocialismScratchdemocratic economyScratchprivatization