Multiple Choice
Compared to Neoclassical growth theory,newer "endogenous growth" theories are more ________ regarding the prospect of continuous increases in the standard of living,due in part to its emphasis on the ________.
A) pessimistic; endogeneity of technological change
B) pessimistic; accelerating depletion of natural resources
C) pessimistic; increasing birth rates as a result of higher real income per capita
D) optimistic; accelerating depletion of natural resources
E) optimistic; endogeneity of technological change
Correct Answer:
Verified
Correct Answer:
Verified
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