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Without an Increase in the Supplies of Factors of Production

Question 40

Multiple Choice
Without an increase in the supplies of factors of production, how can a nation achieve economic growth?

Without an increase in the supplies of factors of production, how can a nation achieve economic growth?


A) by producing more high-value goods and less low-value goods
B) through technological advancement which enables more output with the same quantity of resources
C) by lowering the prices of factors of production
D) by increasing the prices of factors of production

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