Which of the following "factors of production" is included in the neoclassical growth theory?
A)skills and education of the workforce
B)cultural attitudes toward work
C)effectiveness of the legal system in protecting property rights
D)labor measured in units of effective labor
E)all of the above

Question

Quizplus · Accepted Answer

Neoclassical growth theory includes labor measured in units of effective labor as a factor of production, emphasizing the role of labor quality and quantity in economic growth.

Which of the Following "Factors of Production" Is Included in the Neoclassical