Which of the following has made the greatest contribution to economic growth over time?
A)Improved management techniques.
B)Higher ratios of capital to labor.
C)Research and development.
D)Improved human capital.

Question

Quizplus · Accepted Answer

Research and development has led to the creation of new technologies, which has had a massive impact on economic growth over time. These new technologies have allowed for increased productivity, efficiency, and innovation in many different industries. While improved management techniques, higher ratios of capital to labor, and improved human capital are all important factors in promoting economic growth, they are not as fundamental as the creation of new technologies.

Which of the Following Has Made the Greatest Contribution to Economic