Which of the Following Factors Are Considered by Economists Who

question 11

Multiple Choice

Which of the following factors are considered by economists who study economic development to be directly related to the rate of economic growth?

• A) plentiful natural resources
• B) openness to international trade
• C) an educated population
• D) All of the above are correct.

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Definitions:

Lack-of-participation Error

A mistake or oversight occurring when individuals or groups do not contribute or engage in a required or expected activity.

Design Thinking

A problem-solving approach that focuses on empathy with users, a discipline of ideation, and iterative testing of solutions, widely used in product design and innovation.

Organizational Culture

The shared values, beliefs, and norms that influence the behavior of individuals within an organization.

Management Support

The assistance and encouragement provided by managers to their teams, crucial for achieving objectives and enhancing employee morale.