According to Simon Kuznets,which of the following is likely to induce economic growth in the automobile industry of a country?
A)An increase in the amount of labor used in the industry
B)A government subsidy for automobile production
C)An increase in the import of spare parts for the engines
D)An increase in the number of paint bays per factory
E)The replacement of manual assembly lines with robots

Question

Quizplus · Accepted Answer

Simon Kuznets believed that technological advancement and innovation were the primary drivers of economic growth. Therefore, the replacement of manual assembly lines with robots would be the most likely choice to induce economic growth in the automobile industry, as it represents an improvement in technology and efficiency. The other choices may have secondary effects on growth, but they are not as directly tied to technological advancement.

According to Simon Kuznets,which of the Following Is Likely to Induce