In the Postwar Boom of the 1950s, Economists Such as Moses

question 21

Multiple Choice

In the postwar boom of the 1950s, economists such as Moses Abramovitz and Robert Solow believed that several stimuli contributed to economic growth, generating abundant opportunities for international business. Which of the following stimuli contributed the most to economic growth?

• A) The addition of labor
• B) The addition of capital
• C) The advancement of technology
• D) Ease of raw material availability

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Definitions:

Indifference Curves

A graphical representation showing different combinations of two goods among which a consumer is indifferent.

Avocados

A nutrient-rich fruit characterized by its green, creamy texture and used in various culinary dishes worldwide.

Grapefruits

A citrus fruit known for its slightly bitter and sour taste, commonly used in breakfast dishes and juices.

Consumption Bundle

A combination of different goods and services that a consumer chooses to consume given their budget constraints.