Which of the Following Explains the Ability of the U

question 86

Multiple Choice

Which of the following explains the ability of the U.S.economy to avoid diminishing marginal returns and experience accelerating growth in the early to mid-20th century?

• A)continuing technological change
• B)immigration
• C)additions of a greater amount of capital of the same quality
• D)a decrease in the quality of labor

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Definitions:

Abuse Of Discretion

Abuse of discretion refers to a failure to take into proper consideration, the laws and facts relating to a particular matter; an arbitrary or unreasonable departure from precedent and settled judicial custom.

Administrative Agencies

Administrative agencies are government bodies responsible for the oversight and administration of specific functions, such as regulating industries and implementing laws.

Economy

The system of production, distribution, and consumption of goods and services in a particular geographic region.

Administrative Regulations

Rules or directives made and maintained by an administrative agency in order to regulate activities within its jurisdiction.