Question 4(Multiple Choice Worth 4 points) (03.06 MC) Which of these is an example of the broad economic goal of growth? Bank failures spark a wave of new loan regulations by the Federal Reserve Gender-gap income reports spark a wave of new equal-pay laws by Congress. The federal government awards technology development contracts to U.S. businesses. The United States encourages clothes manufacturers to find low -price assembly overseas.

## Step 1<br />The question is asking us to identify which of the given options is an example of the broad economic goal of growth. Economic growth is typically defined as an increase in the production of goods and services over a specific period. This can be achieved through various means such as technological advancements, increased productivity, or government policies that encourage economic activities.<br /><br />## Step 2<br />Let's analyze each option:<br /><br />1. Bank failures spark a wave of new loan regulations by the Federal Reserve: This option is more related to financial stability and regulation rather than economic growth.<br /><br />2. Gender-gap income reports spark a wave of new equal-pay laws by Congress: This option is more related to income equality and social justice rather than economic growth.<br /><br />3. The federal government awards technology development contracts to U.S. businesses: This option is a direct example of government intervention to stimulate economic growth. By awarding contracts for technology development, the government is encouraging innovation and economic activity.<br /><br />4. The United States encourages clothes manufacturers to find low-price assembly overseas: This option is more related to cost reduction and outsourcing rather than economic growth.<br /><br />## Step 3<br />Based on the analysis, the option that best represents an example of the broad economic goal of growth is the federal government awarding technology development contracts to U.S. businesses.