Which of the Following Is Most Important for the Achievement

question 52

Multiple Choice

Which of the following is most important for the achievement of long-term economic growth and a high level of per capita income?

• A) Abundant natural resources.
• B) Foreign aid.
• C) Policies and institutions that encourage productive activities.
• D) Institutions and policies that control the growth of population.

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Definitions:

Effective Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions to achieve desirable outcomes.

Data

Quantitative or qualitative information collected for reference, analysis, or computation.

Processed Information

pertains to data that have been transformed through processing operations, such as sorting, filtering, or summarizing, to make it meaningful and useful for decision-making.

Decision Support Systems

Computer-based systems used by organizations to support decision-making processes.