What, according to neoclassical growth theory, is the fundamental cause of economic growth?
What will be an ideal response?
In neoclassical growth theory, growth results from technological advances, which are determined by chance.
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Suppose that when the price of oranges is $3 per pound, the quantity demanded is 4.7 tons per day and the quantity supplied is 3.9 tons. In this case:
A. excess demand will lead the price of oranges to rise B. excess supply will lead the price of oranges to rise C. excess supply will lead the price of oranges to fall D. excess demand will lead the price of oranges to fall
The Federal Reserve is ________ the U.S. Treasury
A) under the control of B) independent of C) a part of D) a creation of
Trade between the United States and Guatemala
a. benefits both the United States and Guatemala. b. is a losing proposition for the United States because Guatemalan labor is less expensive than U.S. labor. c. is a losing proposition for Guatemala because capital is much more abundant in the U.S. than in Guatemala. d. is a losing proposition for Guatemala because U.S. workers are more productive than Guatemalan workers.
If in a fiscal year, the outlays > incomes
What will be an ideal response?