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:

Quadratic Model

A statistical or mathematical model in which the relationship between the independent variable and the dependent variable is represented by a second-degree polynomial or parabolic function.

Quadratic Relationship

A type of relationship between two variables where the relationship can be described by a second-degree polynomial or equation.

Significance Level

The threshold under which a result of a statistical test is considered statistically significant, often denoted by alpha (α).

Independent Variable

A variable that is manipulated to observe its effect on a dependent variable, considered the cause in cause-and-effect relationships.