Having More Technology Means

question 109

Multiple Choice

Having more technology means:

• A)that the same inputs will produce more outputs.
• B)countries will be able to produce more with the same amount of physical capital.
• C)countries will be able to produce more with the same amount of human capital.
• D)All of these are true.

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Definitions:

Political Will

The dedication or commitment of policymakers to achieve specific economic, social, or political goals.

Impediments

Obstacles or barriers that hinder progress or movement.

Freer Trade

Freer trade refers to the reduction of tariffs, quotas, and trade barriers between countries, aiming to encourage the exchange of goods and services across national borders.

Special-Interest Groups

Organizations or groups that advocate for specific causes or interests, often aiming to influence public policy and decision-making.