Without Technological Advancement, How Can a Nation Achieve Economic Growth

question 111

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)by increasing the quantities of at least one factor of production
• C)by producing more low-value goods and fewer high-value goods
• D)by decreasing the size of the labour force

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Definitions:

Precautionary Principle

A safety principle requiring that an action or policy having the potential to cause harm to the public or to the environment should not be undertaken if the consequences are uncertain or potentially dangerous.

Environmental Protection

Efforts and policies aimed at conserving the natural environment and preventing further degradation due to human activity.

Sharks

A group of elasmobranch fish characterized by a cartilaginous skeleton, five to seven gill slits on the sides of the head, and pectoral fins that are not fused to the head.

People Per Year

A measurement or statistic that represents the number of individuals affected by or involved in a certain event or scenario on an annual basis.