Question

Question 36 Factors of long term growth are government debt tax policy 0 technologv regulations Question 37 Which of the following policies enhance productivity? Less capital (machines) per work Higher taxes Demographic changes Technological innovations Question 38 2.5 pts According to Nial Fergusson, the os institution ible for the great divergence between the Western world and According to Niall Fergusson. the 6 institutions tha the rest of the world are: imeri societ moderm medikine and work ethics. nmedicine and military strength Competition. scientific r vmedern mediging and military strength Protectionism, property iehts sciievp roru oi moe medicins and military strength

Answer 1

Technology is the factor of long-term growth

Technological innovations enhance productivity

According to Niall Fergusson the six institutions that were responsible for the great divergence between the Western World and the rest of the world are competition, property rights, scientific revolution, consumer society, modern medicine and work ethics.