One reason why wealthy nations have continued to realize sustained growth is that
A) they participate in unfair trade practices with developing nations.
B) there has been continued technological advancement.
C) they have passed their steady states.
D) they are not getting close to their steady states.
E) the steady state does not exist.

Question

Quizplus · Accepted Answer

Technological advancement has led to increased productivity and efficiency, which has contributed to sustained growth in wealthy nations. While unfair trade practices may provide short-term benefits, they are not a sustainable long-term solution. The idea of a steady state is debated among economists, but many believe that wealthy nations have not yet reached their steady states and can continue to grow sustainably.

One Reason Why Wealthy Nations Have Continued to Realize Sustained