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

According to Simon Kuznets, technological improvements, such as the replacement of manual assembly lines with robots, is likely to induce economic growth in the automobile industry. This is because automation can increase production efficiency, reduce costs, and lead to higher profits, which can then be reinvested into further research and development. The other options would have a less significant impact on economic growth in the industry.

According to Simon Kuznets, Which of the Following Is Likely