Solved

Choose the Statements Concerning Neoclassical Growth Theory Which Are True

Question 84

Multiple Choice

Choose the statements concerning neoclassical growth theory which are true. 1.Neoclassical growth theory was developed in the late 19th century.
2.The rate of technological change influences the economic growth rate but economic growth does not influen pace of technological change.
3.Economic growth will stop if technology stops advancing.
4.Technological change results from the choices people make in the pursuit of profit.


A) Statements 1 and 4 are correct.
B) Statements 2 and 3 are correct.
C) Statements 3 and 4 are correct.
D) Statements 1 and 3 are correct.
E) Statements 2 and 4 are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents