Which Best Describes the Growth Process from Its Ultimate to Its

question 36

Multiple Choice

Which best describes the growth process from its ultimate to its immediate causes?

• A) incentives  institutions  factors of production  real GDP per capita
• B) institutions  incentives  factors of production  real GDP per capita
• C) factors of production  incentives  institutions  real GDP per capita
• D) factors of production  institutions  incentives  real GDP per capita

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Definitions:

U.S. Labor Law

A collection of federal and state laws regulating the relationship between employers, employees, and unions, including rights to organize and negotiate collective agreements.

Scientific Management

A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity, pioneered by Frederick W. Taylor.

Craft Unions

Labor organizations representing workers who practice a specific craft or trade, focusing on the shared interests and skills of their members rather than the industry as a whole.

Autonomy

The capacity to make an informed, uncoerced decision.