Neoclassical growth theory placed emphasis on two resources:
A) capital and entrepreneurship.
B) natural resources and capital.
C) capital and labor.
D) labor and entrepreneurship.
E) labor and natural resources.

Question

Quizplus · Accepted Answer

Neoclassical growth theory emphasized on capital and labor as the two key resources for economic growth. Capital represents the physical and human capital used in production, while labor represents the workforce employed to produce goods and services.

Neoclassical Growth Theory Placed Emphasis on Two Resources