Which Is an Efficiency Factor in Economic Growth

question 69

Multiple Choice

Which is an efficiency factor in economic growth?

• A)an efficient allocation of resources
• B)natural resources
• C)the quantity and quality of labour
• D)technological knowledge

Calculate probabilities for various ranges under the standard normal distribution.

Understand the characteristics and applications of the uniform distribution.

Calculate probabilities and statistical measures (e.g., mean, standard deviation) for the uniform distribution.

Apply the normal approximation to the binomial distribution.

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Definitions:

Unique

Being the only one of its kind; unlike anything else.

Discretionary Resources

Assets or funds over which an individual or organization has the freedom to decide their use without strict limitations.

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization.

Adaptation

The process by which individuals, species, or groups adjust to changes in their environment, enhancing their survival and functionality.