The development of new and better ideas leads to
A) more output.
B) more consumption and investment.
C) more capital accumulation.
D) All of the answers are correct.

Question

Quizplus · Accepted Answer

The development of new and better ideas can lead to all of the options listed. With more output, there is an increase in goods and services available. More consumption and investment can occur as people have access to new and improved products, and businesses may invest in new technology or production methods. Additionally, capital accumulation can occur as the development of new ideas and technology leads to increased efficiency and growth in the economy.

The Development of New and Better Ideas Leads to