Which of the Following Did NOT Contribute to England's Advantage

question 18

Multiple Choice

Which of the following did NOT contribute to England's advantage over France in the advance of industrialization?

• A)an efficient transportation system
• B)the equal division of land among the heirs to noble families
• C)religious toleration
• D)better financial institutions
• E)the custom of primogeniture

Understand the repercussions of attempting to rapidly pay off the national debt and the effects of fiscal policy measures during recessionary periods.

Understand the factors influencing creativity and motivation.

Differentiate between exploitative innovation and other forms of innovation.

Recognize and apply the steps in the decision-making model.

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Definitions:

Crowding Out

A decrease in investment that results from government borrowing.

Accelerator Effects

The phenomenon where an increase in national income leads to a proportionally larger increase in investment spending, magnifying the initial rise in income.

Automatic Stabilizer

Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust to counteract economic fluctuations without the need for government intervention.

Money Market

A section of the financial market where short-term financial assets with high liquidity are traded.