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Which of the Following Is a Criticism of the Neoclassical

Question 37

Multiple Choice

Which of the following is a criticism of the neoclassical model of economic growth?


A) The model assumes that there will be increasing returns to capital, which is incorrect.
B) In the real world, convergence between rich and poor countries has not been observed.
C) The model incorrectly assumes that growth affects technology and that technology also affects growth.
D) The assumption that increasing capital per worker will lead to economic growth is

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