Technological advancement implies:
A) the increase in the quantity of inputs needed to produce a given quantity of output.
B) the reduction in the quantity of inputs needed to produce a given quantity of output.
C) the reduction in the productivity of a sector of the economy that has become obsolete.
D) an increase in the labor to capital ratio in any production process.
E) the growth in the natural resource endowment.
Correct Answer:
Verified
Q28: Economic growth measured in terms of an
Q30: Long-term economic growth requires a permanent:
A)decline in
Q32: Per capita real GDP is of limited
Q34: The total factor productivity of an economy
Q35: The ability of a country to invest
Q37: Which of the following is considered a
Q39: Which of the following stands true for
Q42: Which of the following stands true for
Q54: By the late 1990s, the growth rate
Q73: If natural gas is replaced by solar
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents