According to new growth theory, technological change is driven by
A) firmsʹ attempts to increase their profit.
B) foreign firmsʹ attempts to increase their sales in the domestic market.
C) government policies.
D) random chance.
Correct Answer:
Verified
Q224: A problem with the neoclassical growth theory
Q225: The notion that technological change is not
Q226: Neoclassical growth theory
A) makes no predictions about
Q227: In neoclassical growth theory, technological change _.
A)
Q228: New growth theory assumes that
A) all inputs
Q230: A key feature of the new growth
Q231: Within neoclassical growth theory, technological change _saving
Q232: Neoclassical growth theory predicts that
A) growth in
Q233: New growth theory predicts that
A) government policies
Q234: A central proposition of the new growth
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