The development of additive manufacturing technology (3-D printers) is expected to lower prices by doing which of the following?
A. Reducing the cost of producing blueprints for manufactured goods.
B. Promoting greater economies of scale in manufacturing.
C. Reducing the demand for manufactured goods.
D. Reducing both large fixed set-up costs and transportation costs.
Answer: D
Economics
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Which of the following would be the least likely to increase total factor productivity?
A) private investment in research and development B) increases in human capital C) the establishment of strong property rights D) increases in the population growth rate
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