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:

Self-efficacy

Someone's conviction in their capability to carry out tasks needed to reach specific achievement levels.

Mastering

The process of gaining comprehensive knowledge or skill in a particular subject or activity.

Vicarious Experiences

Learning or feeling an emotion through the experiences of another person, often through stories, media, or observing others.

Encouragement

The action of giving someone support, confidence, or hope to motivate or positively influence them.