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WAEC Economics 2013 Question 25

Question 25

Theory of Production

Which of the following will enhance productivity in an economy?

  1. A.The use of obsolete capital.
  2. B.Technological change.
  3. C.Expansion of land under cultivation.
  4. D.An increase in the labour force.
Show the answer and explanation

Answer: B (Technological change.)

Explanation

Better technology raises output per unit of input.