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Institutions can promote economic growth by increasing saving and investment, promoting the development of new technologies, and ensuring that resources flow to their most productive uses. Identify whether each institution encourages growth or restricts growth.
a. A competitive market system _______________ economic growth.
b. Free trade _______________ economic growth.
c. Protectionist trade policies _______________ economic growth.
d. Heavy government regulation _______________ economic growth.
e. Patents and copyrights _______________ economic growth.
f. Command‑based systems _______________ economic growth.
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