All of the Following Are Keys to Economic Development EXCEPT

question 219

Multiple Choice

All of the following are keys to economic development EXCEPT

• A) an educated workforce.
• B) establishment of a system of property rights.
• C) minimizing "creative destruction."
• D) open economies.

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Definitions:

Base-Year Quantities

Quantities of goods and services in a specific base year used for comparison or calculation purposes in economic analysis.

Laspeyres Index

A measure of the change in the cost of purchasing a specified set of goods and services over time, using the quantities bought in a base period as weights.

Bankruptcy Law

Legal statutes and regulations that govern the process by which individuals or enterprises can declare their inability to pay their debts and seek relief.

Debtor

A debtor is an individual or entity that owes money to another party, often a creditor, as a result of borrowing funds or failing to pay for goods or services.