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Without an Increase in the Supplies of Factors of Production

Question 27

Multiple Choice

Without an increase in the supplies of factors of production, a nation can achieve economic growth________.


A) by producing more high-value goods and less of 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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