Without technological advancement,how can a nation achieve economic growth?
A)by producing more high-value goods and fewer low-value goods
B)through an increase in supplies of factors of production
C)by producing more low-value goods and fewer high-value goods
D)by decreasing the size of the labor force

Question

Quizplus · Accepted Answer

Economic growth can be achieved by increasing the supplies of factors of production such as land, labor, capital, and entrepreneurship. This can be done through various means such as investing in education and training to improve the skills of the labor force, implementing policies that attract investments, and promoting innovation and entrepreneurship. Technological advancement is just one of the means to achieve these goals, but it is not the only way.

Without Technological Advancement,how Can a Nation Achieve Economic Growth