A key feature of the new growth theory is the assumption of
A) diminishing returns to knowledge.
B) no diminishing returns to knowledge.
C) no diminishing returns to labor.
D) diminishing returns to labor.
Correct Answer:
Verified
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
Q229: According to new growth theory, technological change
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
Q235: According to neoclassical growth theory, the higher
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