Many Developing Countries Were Once Under Colonial Rule,a System of Government

question 89

Multiple Choice

Many developing countries were once under colonial rule,a system of government that:

• A)offered the local population large opportunities to develop entrepreneurial skills.
• B)offered the local population fewer opportunities to develop entrepreneurial skills.
• C)did not offer any opportunity to the local population to develop entrepreneurial skills.
• D)believed in a free-market economy.
• E)offered immigrants opportunities to become entrepreneurs.

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Definitions:

Technological Improvement

The process of innovation where better technologies make production more efficient, leading to higher output with the same input.

Per-Worker Production Function

The per-worker production function depicts the relationship between the average product output per employee and the inputs used per employee, highlighting the efficiency of labor in production.

Attainable

Referring to a goal or objective that can be reached or achieved, especially through effort or strategy.

Per-Worker Production Function

A graphical representation that shows the relationship between the amount of output produced per worker and the amount of capital available per worker.