Without an Increase in the Supplies of Factors of Production

question 134

Multiple Choice

Without an increase in the supplies of factors of production, a nation can achieve economic growth________.

• A)by producing more high-value goods and less of low-value goods.
• B)through technological advancement which enables more output with the same quantity of resources.
• C)by lowering the prices of factors of production.
• D)by increasing the prices of factors of production.

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Definitions:

Conflict Management

Strategies and processes employed to handle and resolve disputes or disagreements effectively, balancing the needs and interests of all parties involved.

Concern For Others

The regard or consideration for the wellbeing and interests of other people.

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group which can impair performance.

Negative Stereotype

A fixed, overgeneralized belief about a particular group or class of people that is unfavorable or harmful.