In the Long Run, a Country Will Experience an Increasing

question 216

Multiple Choice

In the long run, a country will experience an increasing standard of living only if it experiences

• A)a high rate of consumption.
• B)continuous technological change.
• C)a high rate of labour-force growth.
• D)a slow rate of population growth.
• E)a high rate of capital accumulation.

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Definitions:

Specific Procedure

A set of established steps or actions designed to achieve a particular outcome or result in a precise manner.

Behavior

The observable actions or reactions of humans or animals in response to external or internal stimuli.

Variable

Any characteristic whose values can change.

Testable Hypothesis

A prediction that has been formulated specifically enough so that it is clear what observations would confirm the prediction and what observations would challenge it.