According to the new growth theory, which of the following promote economic growth?
i. discoveries that bring profit
ii. choices that expand human capital
iii. random events that create technology change
A) i and ii B) i only C) i, ii and iii D) i and iii E) ii only
A
Economics
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Mark started taking guitar lessons when all his cousins started playing guitar. This is an example of ________
A) peer effect B) moral hazard C) adverse selection D) a pecuniary externality
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A creditor nation means a nation
A) whose exports exceed its imports. B) whose current account is larger than its capital account. C) whose current lending to the rest of the world exceeds its borrowing from the rest of the world. D) who through its history has invested more in the rest of the world than other countries have invested in it.
Economics