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 three factors that strongly affect a nation's rate of economic development are establishing a system of property rights, developing an educated population, and limiting the extent to which the government imposes trade barriers. The fourth factor is actually promoting the adoption of new technology, which can lead to increased productivity and efficiency in industries. Opposing new technology and disruptive social changes can hinder a nation's economic development.

Economists Have Determined That There Are Four Factors That Seem