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Oscar Hernandez
on Nov 26, 2024

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If a technological advance expands output and requires a smaller investment in capital goods, this technological advance

A) is capital-using.
B) must involve nonfinancial investment.
C) is capital-saving.
D) must pertain to the infrastructure.

Capital-Saving

Technology or methods that allow the same level of production with less investment in capital.

Technological Advance

The process of introducing new technologies or improving existing ones to increase efficiency, productivity, or quality.

Capital Goods

Long-lasting goods that are used in the production of other goods or services, such as machinery, buildings, and equipment.

  • Acquire insight into the elements affecting economic prosperity, which include the motivation to progress and various forms of investment.
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Aditya DevopsNov 29, 2024
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