Which of the Following Factors Is Most Important as a Source

question 12

Multiple Choice

Which of the following factors is most important as a source of sustained growth in material living standards?

• A)population increase
• B)changing relative factor prices
• C)decrease in cost of capital
• D)technological improvement
• E)capital-labour substitution

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Definitions:

Displacement

A defense mechanism where an individual's emotions or impulses are transferred from the original source of stress to a more acceptable or less threatening target.

Fixation

In psychoanalytic theory, an obsessive interest or feeling stuck at a particular stage of psychological development.

Compensation

A concept in psychology that refers to efforts made to offset or overcome weaknesses, disadvantages, or handicaps, aiming to maintain self-esteem or achieve success.

Collective Unconscious

A concept proposed by Carl Jung, referring to the part of the unconscious mind that is derived from ancestral memory and experience and is common to all humankind.