One of the implications of new growth theory is that economic growth arises from
A)limits on international trade.
B)investments in knowledge.
C)financial safety nets for the poor, such as Medicaid.
D)reductions in the birth rate.

Question

Quizplus · Accepted Answer

New growth theory emphasizes the role of knowledge and investments in human capital as drivers of economic growth. By investing in research and development, education, and innovation, countries can increase their productivity and competitiveness in the global economy.

One of the Implications of New Growth Theory Is That