In Terms of Its Early Economic Development, the United States

question 50

Multiple Choice

In terms of its early economic development, the United States had at least two advantages that other countries could not easily match. One of these was an enormous amount of cheap capital in the form of land that was taken from Native Americans. What was the other?

• A) The wage of U.S. laborers was lower than their European counterparts.
• B) Britain provided much of the investment that financed the growth of U.S. industry.
• C) The terms of trade were beneficial to American exporters.
• D) New industrialized machinery was considerably more fuel efficient and less obsolete than European machinery stock.

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Definitions:

Responsibility

The obligation to carry out duties and make decisions within a role, organization, or towards society.

Servant Leadership

A leadership philosophy that focuses on serving others, prioritizing the well-being and development of team members and stakeholders above self-interest.

Authentic Leadership

A leadership style that is genuine and transparent, with leaders being true to themselves and their values while fostering trust.

Ethical Leadership

Leadership that demonstrates, promotes, and integrates ethical principles both personally and organizationally, to guide behaviors and decision-making.