Which of the Following Is NOT a Reason Why the United

question 112

Multiple Choice

Which of the following is NOT a reason why the United States is able to produce such high levels of GDP?

• A) Abundant factors of production.
• B) Labor-intensive production process.
• C) High levels of investment in human capital.
• D) High quality of capital.

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Definitions:

Steel Industry

A key sector of the economy that deals with the production and supply of steel, an essential material used in construction and manufacturing.

Stock Market

A public marketplace for buying, selling, and trading shares of public companies.

Depression

An extended period of significant decline in economic activity across the economy, characterized by high unemployment, low output, and deflation.

Technological Development

Technological development involves the process of researching, innovating, and implementing new technologies to improve or create products, services, and processes.