Multiple Choice
A factor that turned out to be a weakness of the classical theory of growth is its
A) assumption that the growth rate of the population increases when income increases.
B) emphasis on saving and investment.
C) reliance on constant growth in technology.
D) neglect of the subsistence real wage.
Correct Answer:
Verified
Correct Answer:
Verified
Q195: If the quantity of capital per worker
Q196: All of the following would stimulate economic
Q197: Classical growth theory argues that, when the
Q198: The table below shows data for China.
Q199: What is the law of diminishing returns?
Q201: Suppose there is a rise in the
Q202: Using the Rule of 70, if the
Q203: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -Dismalia is an
Q205: When the population increases with no change
Q206: If the price level rises by 2