All of the following statements are included in new growth theory except
A) the forces of competition destroy incentives to make new discoveries.
B) discoveries bring profit, and competition destroys profit.
C) discoveries result from choices.
D) knowledge is capital that is not subject to the law of diminishing returns.
E) discoveries are a public capital good.
Correct Answer:
Verified
Q81: Growth eventually stops in neoclassical growth theory
Q82: An assumption of the neoclassical growth theory
Q83: Knowledge capital is different from physical capital
Q84: Choose the statements concerning neoclassical growth theory
Q85: Which theory of economic growth concludes that
Q87: In neoclassical growth theory, if the rate
Q88: Which of the following does not contribute
Q89: Which of the following ideas apply to
Q90: According to Thomas Robert Malthus,
A)increases in real
Q91: _ fits the facts of today's world
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