Most economists agree that __________ are the single most important source of productivity improvements.

Question

Quizplus · Accepted Answer

Technological advances have consistently been shown to have the greatest impact on productivity improvements. Increases in human and physical capital can also contribute, but they are often dependent on technological progress as well. Discoveries of natural resources and establishment of property rights can also have positive effects on economic growth, but they are not as crucial as technological advances.

Most Economists Agree That __________ Are the Single Most Important