Factors That Influence Productivity and Therefore Growth Are

question 100

Multiple Choice

Factors that influence productivity and therefore growth are:

• A)physical and human capital per worker and technological advances.
• B)government independence.
• C)more government intervention in the marketplace.
• D)increased consumption and less investment spending.

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Definitions:

Supply

Refers to the total amount of a product or service available for purchase at any given time.

Consumer Tastes

Preferences and demands of consumers that influence their purchasing behavior, often shaped by trends, culture, and personal experiences.

Determinant of Supply

Factors that affect the quantity of a good or service that producers are willing to sell at a given price, such as production technology, input prices, and number of sellers.

Technology of Production

The methods, processes, and systems used to produce goods and services, often focusing on efficiency and innovation.