Neoclassical growth theory
A) predicts that nations that enjoy a technological advantage will maintain that advantage.
B) predicts that the faster growing underdeveloped nations will overtake and then surpass the industrial nations.
C) predicts that growth rates and incomes per person throughout the world will converge.
D) makes no predictions about relative growth or incomes among countries.
Correct Answer:
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Q68: According to empirical evidence,
A)international trade stimulates economic
Q69: According to the neoclassical growth theory,
A)increases in
Q70: Which of the following directly creates growth
Q72: A movement along the aggregate production function
Q73: Which of the following statements about world
Q74: Factors that influence labour productivity include _.
A)physical
Q75: Labour productivity is
A)real GDP per hour of
Q76: Which of the following statements is correct?
A)I
Q78: 
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