Which of the following ideas apply to the neoclassical growth theory?
I. The rate of technological change influences the rate of economic growth.
II. Technological change promotes saving and investment.
III. Convergence of economic growth rates across countries.
A) I, II and III
B) I only
C) I and II
D) III only
Correct Answer:
Verified
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A) peopleʹs knowledge and skills.
B)
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Q198: On-the-job-training is an example of
A) technological change.
B)
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Q202: Classical growth theory states that
A) advances in
Q203: The neoclassical growth theory says, in part,
Q204: Classical growth theory argues that when real
Q205: Which of the following is consistent with
Q206: Which of the following predicts that there
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