Question

Select all the events that could result in a nation’s increasing the slope of its entire production function. Correct Answer(s) The labor force becomes more educated. A nation successfully defends its territory against invasion. Scientific discoveries revolutionize industry. New oil reserves are discovered and tapped. More highways are built.

Answer 1

Answer:

The correct option is Scientific discoveries revolutionize industry.

Explanation:

A nation can prosper widely if scientists come up with ideas which can revolutionize the industry. Scientific discoveries might increase the business for a country by bringing methods and researching something new for the business industry. Also, if scientists research other methods by which a product is made through cheaper but equally valuable substances then these kinds of researchers might provide a blast for the economic value of that country.