Which of the following changes does not cause an increase in the quantity of goods and services that can be produced by one worker, or in one hour of work? A. an increase in the literacy rate B. an increase in the quantity of capital per hour worked C. technological change D. an increase in the number of workers Which of the following changes will ensure that an economy experiences sustained economic growth? A. technological change B. increasing the amount of capital C. increasing the amount of labor D. increasing the amount of raw materials

Question

Crystal

Business

31 December, 01:21

Which of the following changes does not cause an increase in the quantity of goods and services that can be produced by one worker, or in one hour of work? A. an increase in the literacy rate B. an increase in the quantity of capital per hour worked C. technological change D. an increase in the number of workers Which of the following changes will ensure that an economy experiences sustained economic growth? A. technological change B. increasing the amount of capital C. increasing the amount of labor D. increasing the amount of raw materials

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Demarcus Baird · Answer 1

B. an increase in the quantity of capital per hour worked

A. technological change

Explanation:

Modern economics operates by combining the two factors of production, labor and capital. The labor factor is influenced according to the education level of the workers. Thus, the more access to education, the higher the productivity of work. In addition, labor productivity is affected by the division of labor (increased workforce) and technological development. The increase in the quantities of capital affects the capital factor (inputs, machinery, etc.), not the labor factor.

The structural and sustainable change of an economy occurs through technological development. This is because technology is the factor capable of increasing the productivity of the factors of production: capital and labor. For example, technology can make the natural resources needed for production rationalized, that is, used to a lesser extent. This is a way to sustainably increase production.