According to new growth theorists, more technological improvements can be brought about by
A) a government policy that encourages increased consumption.
B) government policies that lead to increases in human capital.
C) tougher immigration laws.
D) the government taking a more active role in regulating industries.

Question

Quizplus · Accepted Answer

New growth theorists argue that investments in human capital have a positive effect on the economy's ability to generate technological progress. Policies that encourage education and training, for example, can increase the number of skilled workers who can develop and implement new technologies, leading to long-term economic growth.

According to New Growth Theorists, More Technological Improvements Can Be