Differences in the stock of physical capital between nations are an example of a(n)________.
A) implicit cause of prosperity
B) explicit cause of prosperity
C) proximate cause of prosperity
D) fundamental cause of prosperity

Question

Quizplus · Accepted Answer

Differences in physical capital are considered a proximate cause of prosperity, meaning it is a direct and immediate cause that is visible and measurable, but not necessarily the underlying fundamental cause of prosperity. Implicit and explicit causes refer to underlying beliefs and values or policies and institutions, while fundamental causes go deeper into historical and cultural factors that shape a society's ability to generate and sustain economic growth.

Differences in the Stock of Physical Capital Between Nations Are