The Adoption of Modern Technologies and Business Methods Have the Possibility

question 101

Multiple Choice

The adoption of modern technologies and business methods have the possibility to improve economic performance in a nation with low per capita income and low growth, but only if

• A) its natural resources are sufficient.
• B) its workers become educated rapidly enough.
• C) it improves its institutions, making them sound enough to attract capital and entrepreneurial activity.
• D) its government has enough skilled planners to properly deploy new capital.

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Definitions:

Individual Rights

The liberties and entitlements that individuals are guaranteed under the law, including rights to free speech, privacy, and fair trial.

John Locke

A 17th-century English philosopher and political theorist, known as the "Father of Liberalism", whose ideas on individual rights and government by consent significantly influenced the development of political philosophy and democracy.

Governments

Systems or groups of people governing an organized community, often a state.

Grenville's Legislation

A series of acts passed by British Parliament in the mid-18th century, named after George Grenville, aiming to impose taxes and assert tighter control over the American colonies.