Hypotheses to Explain the Positive Correlation Between Factor Accumulation and Production

question 38

Multiple Choice

Hypotheses to explain the positive correlation between factor accumulation and production efficiency include each of the following except:

• A)the quality of a nation's institutions influences both factor accumulation and production
• B)efficiency. capital accumulation causes greater production efficiency.
• C)efficient economies make capital accumulation unnecessary.
• D)an efficient economy encourages capital (including human capital) accumulation.

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Definitions:

Japanese Yen

The official currency of Japan, represented by the symbol ¥.

Euro

The official currency of the Eurozone, which is used by most European Union countries and is one of the world's major currencies.

Exchange Rate

The worth of one currency relative to another, used to determine the amount of one currency that can be swapped for a different one.

Japanese Yen

The official currency of Japan, often symbolized as ¥ and known for being one of the most traded currencies in the foreign exchange market.