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:

Tribal Societies

Societies organized primarily on kinship and lineage with social, economic, and political structures governed by traditions and customs.

Feudal Societies

Societies characterized by a hierarchical system of governance based on land ownership and service, prevalent in medieval Europe.

Charismatic Authority

Charismatic authority is a type of leadership where the leader's influence is based on their personal charm and the devotion they inspire in their followers, rather than traditional or legal power.

Higher Authority

An entity or individual possessing greater power, control, or influence over others, often used in the context of organizational decision-making or religious belief.