If a Country Has No Technological Progress, the Only Way

question 107

Multiple Choice

If a country has no technological progress, the only way for it to have long-term increases in living standards is by:

• A) continually increasing capital per worker.
• B) continually increasing the saving rate.
• C) continually increasing investment in research and development.
• D) the government continually running budget surpluses to increase national savings.

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Definitions:

Chance

The occurrence of events in the absence of any obvious intention or cause; luck.

Good Performance

The successful completion of tasks or achievement of objectives to the standards of the role or organization.

Relationships

Pertains to the manner in which individuals or entities are connected or relate to each other, often implying a state of connection involving emotional or professional ties.

Competence

The ability to do something successfully or efficiently, often referring to specific skills or knowledge.