which of the following activities will not lead to economic growth?
- massive importation of capital goods
- intensive capital formation locally
- use of modern technology
-
massive importation of consumer goods
The correct answer is: D
Explanation
Activities that lead to economic growth
- Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country's Production Possibility Curve.
- Physical Capital or Infrastructure.
- Population or Labor.
- Human Capital.
- Technology.
- Law