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The Supply of Resources, Level of Technology, and the Quality

question 210

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The supply of resources, level of technology, and the quality of an economy's institutional arrangements provide the constraint that determines the shape of the


Definitions:

Effectiveness

The degree to which something is successful in producing a desired result or outcome; in a second definition, the capability of producing the intended result or achievement of objectives.

Persuade

To convince someone to do or believe something through reasoning or argument.

Stereotypes

Widely held but fixed and oversimplified image or idea of a particular type of person or thing.

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