Without Technological Advancement,how Can a Nation Achieve Economic Growth

question 234

Multiple Choice

Without technological advancement,how can a nation achieve economic growth?

• A)by producing more high-value goods and fewer low-value goods
• B)through an increase in supplies of factors of production
• C)by producing more low-value goods and fewer high-value goods
• D)by decreasing the size of the labor force

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Definitions:

Drones

Unmanned aerial vehicles or aircraft systems operated by remote control or onboard computers.

Drone

An unmanned aerial vehicle (UAV) operated by remote control or onboard computers, used for various purposes including photography, surveillance, and recreation.

Average Variable Costs

The sum of all costs that vary with output levels, when divided by the number of units produced.

Drones

Unmanned aerial vehicles (UAVs) capable of flying without a human pilot aboard, used for various purposes from recreation to military.