Most economists explain China's growth after 1980 as primarily due to a more educated population.
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Q12: Classical growth theory argued that economic growth
Q13: The idea behind Say's Law is that
Q14: People's knowledge is a type of capital,
Q15: Adam Smith stressed specialization and division of
Q16: An economy grows when its population increases.
Q18: Modern macroeconomics developed as an attempt to
Q19: Other things equal, according to the Classical
Q20: We can show economic growth in terms
Q21: Specialization allows individuals to:
A)broaden their skill base.
B)become
Q22: Small differences in growth rates can create
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