An assumption of neoclassical growth theory is that

A) technological change is random.
B) technological change can be influenced by savings.
C) more growth encourages more technological change.
D) None of the above answers is correct.

A

Economics

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For the past year, Teddy has had a part-time job at which he is willing to work 30 hours each week. During Teddy's annual review, his boss grants him an 8 percent increase in his wage

As a result of the wage increase, Teddy is now willing to work 25 hours each week. Teddy's opportunity cost of ________ has risen and because for Teddy the substitution effect of the wage hike is ________ than the income effect. A) work; greater B) work; less C) leisure; greater D) leisure; less

Economics

A characteristic of a public good is that a public good is provided

A) to some businesses, but not to others. B) only in some states. C) to low income residents in some states. D) to many individuals at no additional cost.

Economics