Which of the Following Contributes to an Institutional Structure That

question 62

Multiple Choice

Which of the following contributes to an institutional structure that promotes economic growth?

• A)Comparative advantage.
• B)The inequality trap.
• C)Technology.
• D)Property rights.

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Definitions:

Administrative Skills

The capabilities related to managing tasks, projects, and processes efficiently and effectively within an organization.

Effective Administrator

An individual who is adept at planning, organizing, directing, and controlling resources efficiently to achieve organizational goals.

Harvard Business Review

A prestigious management magazine that offers insights, research, and guides for business leaders and professionals worldwide.

Katz

Refers to Robert L. Katz's theory that identifies three core managerial skills essential for effective management: technical, human, and conceptual skills.