In the postwar boom of the 1950s, economists such as Moses Abramovitz and Robert Solow believed that several stimuli contributed to economic growth, generating abundant opportunities for international business. Which of the following stimuli contributed the most to economic growth?
A) The addition of labor
B) The addition of capital
C) The advancement of technology
D) Ease of raw material availability

Question

Quizplus · Accepted Answer

The advancement of technology is widely recognized as the most significant contributor to economic growth during the postwar boom of the 1950s, as it led to increased productivity and efficiency in various sectors.

In the Postwar Boom of the 1950s, Economists Such as Moses