Private ownership and competitive markets are important for economic growth because they provide individuals with a strong incentive to
a. care for resources and use them beneficially.
b. innovate and introduce new products that are highly valued relative to their cost.
c. produce goods efficiently.
d. all of the above are correct.
D
Economics
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Explain Paul Romer's ideas concerning economic growth
What will be an ideal response?
Economics
A person buys a newly issued bond that matures in 10 years with a face value of $10,000 and a coupon rate of 4%. How much money will the bondholder receive in the tenth year?
A) $10,040. B) $10,400. C) $10,000. D) $40. E) ?$400.
Economics