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Asked by Adrian Batista on Jun 10, 2024

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When technological advances are of the capital-using kind, it is possible for an economy to increase its productivity without any net investment in capital goods.

Technological Advances

Innovations and improvements in technology that enhance productivity, efficiency, or quality.

Capital-Using

Pertaining to processes or technologies that involve an increase in the amount of capital used per unit of output.

Net Investment

The total amount spent on new capital assets minus the depreciation of existing assets, reflecting the actual increase in an entity's capital stock.

  • Investigate the impact of technological progress and the availability of resources on the expansion of the economy.
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Lockie McindoeJun 12, 2024
Final Answer :
False
Explanation :
Technological advances of the capital-using kind typically require additional investment in capital goods to implement the new technologies, thereby increasing productivity. Without this investment, the economy cannot fully leverage the benefits of the technological advances.

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