Economists Have Determined That There Are Four Factors That Seem

question 263

Multiple Choice

Economists have determined that there are four factors that seem to strongly affect a nation's rate of economic development. Which is NOT one of these four factors?

• A) establishing a system of property rights
• B) developing an educated population
• C) supporting current industries and the jobs they provide instead of adopting new technology that brings disruptive social changes
• D) limiting the extent to which the government imposes trade barriers

---

Definitions:

Federal Reserve Bank Presidents

Leaders of the twelve regional Federal Reserve Banks in the United States, playing key roles in monetary policy decisions.

Board of Governors

A governing body that oversees the operation and management of an organization, institution, or entity, like the Federal Reserve in the United States.

Deposit Insurance

A guarantee by a government or agency to cover deposits in the event of a bank failure, up to a certain amount.

Reserve Requirement

The reserve requirement is a central bank regulation that sets the minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lending out.