Question: Question 49 (2 points) Technological progress occurs when the economy gets more output O without any more capital or labor. O by using more capital

 Question 49 (2 points) Technological progress occurs when the economy gets
more output O without any more capital or labor. O by using

Question 49 (2 points) Technological progress occurs when the economy gets more output O without any more capital or labor. O by using more capital per worker. O by using more capital but not more workers. O by using more labor but not more capital. Question 50 (2 points) Trade deficits always lead to future decreases in consumption if the trade deficits O support current investment. O support current consumption. ) support either current investment or current consumption. O require borrowing from abroad

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!