Which of the Following Explains Why Production Rises in Most

question 1

Multiple Choice

Which of the following explains why production rises in most years?

• A)increases in the labor force
• B)increases in the capital stock
• C)advances in technological knowledge
• D)All of the above are correct.

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Definitions:

Human Preference

The tendencies or inclinations humans have towards certain choices, behaviors, or objects over others, often influenced by a wide range of biological, psychological, and social factors.

Hedonism

The human preference for pleasure over pain.

Pleasure Over Pain

The principle that individuals naturally seek to experience pleasure and avoid pain, guiding much of human motivation and behavior.

Approach Motivation

The inclination or drive to move towards or pursue a desired object, goal, or outcome.