True or False: Economic growth is necessary as a nation's population increases.

Prepare for the American Free Enterprise System Test with flashcards and multiple choice questions. Each question comes with hints and explanations to help you succeed. Get started on your journey today!

Multiple Choice

True or False: Economic growth is necessary as a nation's population increases.

Explanation:
The assertion that economic growth is necessary as a nation's population increases is indeed true. As the population grows, there is an increased demand for resources, products, and services. Economic growth helps to generate the wealth and infrastructure needed to support a larger population. It is essential for maintaining and improving living standards, creating jobs, and ensuring that there are sufficient resources to meet the needs of all citizens. Without economic growth, a rising population can lead to resource scarcity, higher unemployment, and decreased quality of life, as the economy may not be able to sustain the larger number of people. While some options may suggest different conditions or limits to economic growth, growth remains a fundamental requirement for nations—a reflection of the fact that both population and economic dynamics are interlinked in driving societal progress.

The assertion that economic growth is necessary as a nation's population increases is indeed true. As the population grows, there is an increased demand for resources, products, and services. Economic growth helps to generate the wealth and infrastructure needed to support a larger population. It is essential for maintaining and improving living standards, creating jobs, and ensuring that there are sufficient resources to meet the needs of all citizens. Without economic growth, a rising population can lead to resource scarcity, higher unemployment, and decreased quality of life, as the economy may not be able to sustain the larger number of people.

While some options may suggest different conditions or limits to economic growth, growth remains a fundamental requirement for nations—a reflection of the fact that both population and economic dynamics are interlinked in driving societal progress.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy