An Economy Can Produce More If It Experiences

question 30

Multiple Choice

An economy can produce more if it experiences:

• A)advances in technology
• B)an increase in labour
• C)an increase in capital
• D)all of the above
• E)none of the above

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Definitions:

Productive Assets

Assets that are used in the operations of a business to generate revenue, including machinery, buildings, and equipment.

Operating Activities

Business activities and transactions related to the primary operations of a company, including cash inflows and outflows.

International Financial Reporting Standards

A set of global accounting standards developed by the International Accounting Standards Board for financial reporting.

Financing Cash Flow

Cash flow related to the financing activities of a business, including issuing or buying back shares, debt issuance, and payment of dividends.