Which of the Following Would Contribute to a Sustained High

question 108

Multiple Choice

Which of the following would contribute to a sustained high rate of economic growth in the long run in an economy?

• A)growth in capital per hour worked accompanied by technological change
• B)increases in labor force participation rates as workers who are out of the labor force pursue rising wages
• C)a shift of workers in the economy from the agricultural sector to the nonagricultural sector
• D)an influx of immigrant labor into an economy without any accompanying technological change

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Definitions:

Economic Independence

The condition of having sufficient personal wealth to live, without needing to work for basic necessities, allowing for financial self-sufficiency.

American System

An economic plan that played a prominent role in American policy during the first half of the 19th century, advocating for a strong role for federal government in the economy, including a national bank, high tariffs, and internal improvements.

Mass Followings

The phenomenon where a large number of individuals support a particular leader, movement, or social trend, often seen in contexts ranging from celebrity fandom to political campaigns.

Popular Nicknames

Widely recognized or affectionate alternate names given to persons, places, or things, often reflecting a characteristic, historical event, or notable feature.