The principal reason that production possibilities have grown more rapidly in Hong Kong than in Canada over the last 50 years is because
A)Hong Kong has devoted a larger proportion of its resources to capital accumulation.
B)Hong Kong has fewer workers.
C)of cheap Hong Kong labour.
D)Hong Kong has more natural resources.
E)of foreign aid to Hong Kong.

Question

Quizplus · Accepted Answer

Hong Kong has a smaller land area and population than Canada, which means it has been able to devote a larger proportion of its resources to capital accumulation. This has allowed for more investment in technology, infrastructure, and education, leading to greater productivity and production possibilities.

The Principal Reason That Production Possibilities Have Grown More Rapidly