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.
Economics
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For which of the following workers would the substitution effect be more likely to outweigh the income effect of an increase in wage?
a. air traffic controller b. marketing manager c. waitress d. dentist
Economics
In the United States in 2016, the percentage of firms that employed between 3 and 199 workers and offered health insurance as a fringe benefit to the workers was about
A) 29%. B) 42%. C) 55%. D) 98%.
Economics