Which of the following statements is true? a. The type of institutions in a nation is considered a proximate cause of prosperity. b. Religious beliefs and existing social norms are key proximate causes of economic prosperity. c. Cultural and geographical factors that affect economic prosperity can be changed faster than the institutional factors that affect it. d. Institutions determine the degree to which society accumulates factors of production and adopts new technology.

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A:

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Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.