A factor that turned out to be a weakness of the classical theory of growth is its
A) assumption that the growth rate of the population increases when income increases.
B) emphasis on saving and investment.
C) reliance on constant growth in technology.
D) neglect of the subsistence real wage.
Correct Answer:
Verified
Q370: Hu Tells Leaders China Growth Will Help
Q371: Which theory of economic growth concludes that
Q372: "Premier Liu Chao- shiuan announced Tuesday a
Q373: A key assumption of new growth theory
Q374: Strategy to Address Dependence on Foreign Workers,
Q376: Which theory of economic growth concludes that
Q377: "Why India Cannot Sustain High Economic Growth",
Q378: An assumption of the neoclassical theory of
Q379: The relationship between education and economic growth
Q380: Which of the following will NOT work
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents