Which one of the following quotations could be attributed to a supporter of the classical growth theory?
A) "Growth will last as long as technology keeps advancing."
B) "Prosperity will last as long as technology keeps advancing."
C) "Growth will last only until the increase in population brings productivity down to the subsistence level."
D) "Prosperity will last as long as there is knowledge accumulation."
E) "Growth will last as long as knowledge accumulation continues."
Correct Answer:
Verified
Q63: Which theory of economic growth argues that
Q69: _ is the accumulated skill and knowledge
Q71: The Industrial Revolution in England was largely
Q72: Human capital is the
A)machinery used by humans
Q73: The new growth theory holds that growth
Q75: Which of the following statements regarding human
Q76: If capital per worker increases, labour productivity
A)decreases
Q77: If capital per worker decreases, real GDP
Q78: Factors that influence labour productivity include
A)the inflation
Q79: Labour productivity rises when
A)technological progress is stagnant.
B)firms
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents