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    Economic Development
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    Exam 4: Contemporary Models of Development and Underdevelopment  
  5. Question
    In Contrast to the Earlier Neoclassical Models of Economic Growth
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In Contrast to the Earlier Neoclassical Models of Economic Growth

Question 3

Question 3

Multiple Choice

In contrast to the earlier neoclassical models of economic growth, in endogenous growth models, there is more emphasis on


A) human capital.
B) externalities.
C) increasing returns to scale.
D) All of the above.

Correct Answer:

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