Historically, the Three Assets That Combine to Produce Goods and Services

question 4

Multiple Choice

Historically, the three assets that combine to produce goods and services were land, labor, and capital. What is the main factor that still enables the United States to have the highest GDP and one of the highest levels of GDP per capita in the world today?

• A) Population
• B) Technology
• C) Location
• D) Productivity

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Definitions:

Incorporation

The integration or inclusion of individuals or groups into a larger entity, organization, or society, with potential changes in identity or status.

Transformation

A comprehensive change in form, appearance, nature, or character.

Rites of Purification

Rituals performed to remove impurities, either physical or spiritual, from a person or space.

Smudging

A traditional practice involving the burning of sacred herbs, like sage, for spiritual cleansing or blessing.