1. Improvements in technology. 2. Increases in the supply (stock) of capital goods.
3) Purchases of expanding output.
4) Obtaining the optimal combination of goods, each at least-cost production.
5) Increases in the quantity and quality of natural resources.
6) Increases in the quantity and quality of human resources.
Use the accompanying list to answer the following question. As distinct from the demand and
Eﬃciency factors of economic growth, the supply factors of economic growth are
A) 2, 5, and 6 only.
B) 2, 4, 5, and 6 only.
C) 1, 2, 5, and 6 only.
D) 1, 3, and 4 only.

Question

Quizplus · Accepted Answer

Supply factors of economic growth include improvements in technology (1), increases in the supply of capital goods (2), and increases in the quantity and quality of natural (5) and human resources (6). These factors directly affect the economy's ability to produce goods and services.

1 Improvements in Technology