New growth theory holds that technology is __________ and that the more resources that go to develop technology,the __________ technology that is produced.
A) exogenous; more and better
B) exogenous; less
C) endogenous; more and better
D) endogenous; less

Question

Quizplus · Accepted Answer

New growth theory posits that technology is endogenous, meaning that it can be developed through research and development efforts, and that the more resources allocated towards technology, the more and better technology can be produced. Therefore, option C, which states that technology is endogenous and more resources lead to more and better technology, is the best choice.

New Growth Theory Holds That Technology Is __________ and That