According to new growth theory________ .
A) knowledge does not experience diminishing returns
B) knowledge is subject to the law of diminishing returns
C) growth rates and income levels per person around the globe will converge
D) ever-advancing productivity keeps the population growth rate high
Correct Answer:
Verified
Q238: Neoclassical growth theory assumes that technological progress
A)
Q239: An assumption of neoclassical growth theory is
Q240: Neoclassical growth theory proposes that
A) discoveries result
Q241: New growth theory economists believe that:
I. Economic
Q242: According to the new growth theory
A) knowledge
Q244: Ongoing economic growth in real GDP per
Q245: Which of the following statements is CORRECT?
I.
Q246: New growth theory proposes that real GDP
Q247: Which of the following has NOT been
Q248: Which growth theory predicts perpetual growth?
A) classical
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