Economic Growth Is the Result of All of the Following

question 10

Multiple Choice

Economic growth is the result of all of the following except

• A) technological change.
• B) capital accumulation.
• C) opportunity cost.
• D) investment in human capital.

---

Definitions:

Sales

The activities involved in selling goods or services to consumers or other businesses, generating revenue.

Concentration Ratio

A measure of the total output produced in an industry by a given number of firms, used to assess the level of market concentration and competition.

Corporate Concentration

The degree to which a small number of firms control a large market share of the total output or sales within an industry.

Herfindahl-Hirschman Index

A measure of market concentration to evaluate the competitive landscape, calculated by summing the squares of the market shares of all firms in the industry.