According to new growth theory,technological advances can be promoted
A) from within the economy.
B) if only the right fiscal and monetary policies are in place.
C) in a few rare cases.
D) through industrial policy.
E) none of the above

Question

Quizplus · Accepted Answer

According to new growth theory, technological advances can be promoted from within the economy through investments in research and development, education, and innovation. This is in contrast to traditional growth theory, which focused on external factors such as fiscal and monetary policies or industrial policies.

According to New Growth Theory,technological Advances Can Be Promoted