Which of the following ideas apply to the neoclassical growth theory?
I. The rate of technological change influences the rate of economic growth.
II. Technological change promotes saving and investment.
III. Convergence of economic growth rates across countries
A) I only
B) III only
C) I and II
D) I, II and III
D
Economics
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Price cap regulation
A) does not provide incentives to firms to minimize their costs because firms cannot change prices. B) sets the maximum price these firms can charge. C) gives firms the incentive to exaggerate their costs. D) Both answers A and C are correct. E) Both answers A and B are correct.
Economics
A unit tax placed on demanders causes the supply curve to shift downward, shifting part of the tax burden to supplier in the form of lower prices and quantity
a. True b. False
Economics