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Questions and Answers
Which economic system do most economists argue leads to the most economic growth?
Which economic system do most economists argue leads to the most economic growth?
- Command economies
- Mixed economies
- Market economies (correct)
- Traditional economies
What is a key benefit of economic growth?
What is a key benefit of economic growth?
- Higher overall standard of living (correct)
- Increased competition
- Decreased innovation
- Reduced incomes
What is the relationship between innovation and economic growth?
What is the relationship between innovation and economic growth?
- Economic growth hinders innovation
- Innovation has no impact on economic growth
- Economic growth leads to innovation
- Innovation leads to economic growth (correct)
What do economists typically mean when they talk about markets?
What do economists typically mean when they talk about markets?
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Why do consumers and producers usually cooperate in market economies?
Why do consumers and producers usually cooperate in market economies?
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Which economic system do most economists argue leads to the most economic growth?
Which economic system do most economists argue leads to the most economic growth?
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What is a key benefit of economic growth?
What is a key benefit of economic growth?
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What do economists typically mean when they talk about markets?
What do economists typically mean when they talk about markets?
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What is the relationship between innovation and economic growth?
What is the relationship between innovation and economic growth?
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Why do consumers and producers usually cooperate in market economies?
Why do consumers and producers usually cooperate in market economies?
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