All of the Following Are Factors That Raise Economic Development

question 79

Multiple Choice

All of the following are factors that raise economic development EXCEPT

• A) establishing a legal system.
• B) an educated work force.
• C) reducing trade barriers.
• D) government control of the country's resources.

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Definitions:

Underallocation

A situation where resources are not distributed efficiently, resulting in potential benefits not being fully realized.

Technological Progress

The advancement of technology, leading to improved methods for producing goods and services, enhancing efficiency, and driving economic growth.

Temporary Worker

An individual employed on a non-permanent basis, typically to address seasonal, temporary, or part-time staffing needs of an employer.

Disabled Person

An individual experiencing limitations in physical, mental, sensory, or developmental functions, impacting daily activities and participation in society.