Which of the Following Is a Common of Feature of Economies

question 48

Multiple Choice

Which of the following is a common of feature of economies such as South Korea, Taiwan, Hong Kong, Singapore, Chile that have achieved significant gains in economic growth?

• A) Abundant exportable natural resources
• B) The existence of a market economy
• C) A low degree of government involvement in the provision of housing, health care, and education
• D) Heavy reliance on foreign investments

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Definitions:

Flexible Schedules

Work arrangements allowing employees varying arrival and departure times, as well as the possibility of working from different locations.

Human Capital

The abilities, expertise, and experiences held by a person or group, considered in relation to their worth for an organization.

Surplus

An excess of resources or assets beyond what is needed, often referring to budgetary or inventory contexts.

External Supply

The provision of goods or services from outside the organization, often through contracts or purchases from external sources.