Long-term growth in production can be explained by _____
A) an improvement in the quality of resources available.
B) the same level of technology and know-how.
C) a rapid and accelerating increase in the price level.
D) a trade surplus that leads to the accumulation of gold.
E) the peaks and troughs of economic fluctuations.

Question

Quizplus · Accepted Answer

An improvement in the quality of resources available enables more efficient production, leading to long-term growth.

Long-Term Growth in Production Can Be Explained by _____