Economic growth is the result of all of the following EXCEPT
A) opportunity cost.
B) capital accumulation.
C) technological change.
D) investment in human capital.

Question

Quizplus · Accepted Answer

Opportunity cost refers to the cost of choosing one option over another, essentially what is given up to pursue a certain action. It is not a direct driver of economic growth but rather a concept that helps in making decisions about resource allocation. Economic growth is more directly driven by factors such as capital accumulation, technological change, and investment in human capital, which enhance productivity and efficiency.

Economic Growth Is the Result of All of the Following