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Without an Increase in the Supply of the Factors of Production

Question 222

Multiple Choice

Without an increase in the supply of the factors of production, how can a nation achieve economic growth?


A) by producing more high-value goods and fewer 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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