A key feature of the new growth theory is the assumption of
A) diminishing returns to labor.
B) no diminishing returns to knowledge.
C) no diminishing returns to labor.
D) diminishing returns to knowledge.
Correct Answer:
Verified
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Q334: New growth theory
A) asserts that population growth
Q335: New growth theory assumes that
A) knowledge does
Q336: According to the new growth theory
A) knowledge
Q337: An important foundation of the new growth
Q338: According to the new growth theory, competition
A)
Q340: Neoclassical growth theory predicts that
A) capital is
Q341: One policy that would increase the saving
Q342: Which growth theory models growth as a
Q344: To increase the pace of economic growth
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