People's knowledge is a type of capital, called human capital.
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Q9: Macroeconomics emerged as a separate subject largely
Q10: According to new growth theory, the primary
Q11: The Classical growth model argues that markets
Q12: Classical growth theory argued that economic growth
Q13: The idea behind Say's Law is that
Q15: Adam Smith stressed specialization and division of
Q16: An economy grows when its population increases.
Q17: Most economists explain China's growth after 1980
Q18: Modern macroeconomics developed as an attempt to
Q19: Other things equal, according to the Classical
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