Which of the following can partially explain long-term growth in production?
A) trade surpluses that lead to accumulations of precious metals
B) a gradual but consistent increase in the price level
C) general optimism about the future and the pioneering spirit of Canada
D) improvements in technology

Question

Which of the following can partially explain long-term growth in production?  
A) trade surpluses that lead to accumulations of precious metals 
B) a gradual but consistent increase in the price level 
C) general optimism about the future and the pioneering spirit of Canada 
D) improvements in technology

Quizplus · Accepted Answer

Improvements in technology can lead to increased productivity and efficiency in production processes, which may lead to sustained long-term growth in output. Trade surpluses, a gradual increase in the price level, and general optimism about the future may have some short-term effects on production, but they are unlikely to be the primary drivers of sustained growth.

Which of the Following Can Partially Explain Long-Term Growth in Production