An economy can produce more if it experiences:
A)advances in technology
B)an increase in labour
C)an increase in capital
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Advances in technology can help increase productivity and efficiency, an increase in labor can lead to more goods and services being produced, and an increase in capital can enable businesses to invest in new equipment and tools to improve production. Therefore, all three options can contribute to expanding an economy's potential output.

An Economy Can Produce More If It Experiences