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:

Coolidge Effect

A phenomenon observed in animals, where males exhibit renewed sexual interest if introduced to new receptive females.

Sexual Attractiveness

The qualities or characteristics that make an individual appealing or desirable to potential sexual partners.

Novelty

The quality of being new, original, or unusual, often stimulating interest or attention.

Skills

The ability to do something well, often developed through practice and experience.