Economists have determined that there are four factors that seem to strongly affect a nation's rate of economic development. Which is NOT one of these four factors?
A) establishing a system of property rights
B) developing an educated population
C) supporting current industries and the jobs they provide instead of adopting new technology that brings disruptive social changes
D) limiting the extent to which the government imposes trade barriers

Question

Quizplus · Accepted Answer

The other three factors – establishing property rights, developing an educated population, and limiting government trade barriers – are widely recognized as essential to a country's economic growth. However, supporting current industries and resisting new technologies that could bring disruptive changes is not an established factor and may even hinder a country's long-term economic progress. Therefore, C is the answer that is not one of the four factors that strongly affect a nation's rate of economic development.

Economists Have Determined That There Are Four Factors That Seem