« previous next »

Author Question: What, according to neoclassical growth theory, is the fundamental cause of economic growth? What ... (Read 95 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
What, according to neoclassical growth theory, is the fundamental cause of economic growth?
 
  What will be an ideal response?

Question 2

The production possibilities frontier shows
 
  A) what people want firms to produce in a particular time period.
  B) what an equitable distribution of products among citizens would be.
  C) the maximum attainable combinations of two products that may be produced in a particular time period with available resources.
  D) the various products that can be produced now and in the future.


Loise Hard

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

In neoclassical growth theory, growth results from technological advances, which are determined by chance.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Growth hormone disorders. Illustration of a pituitary giant and a pituitary dwarf, both adults of ab Growth hormone disorders. Illustration of a pituitary giant and a pituitary dwarf, both adults of ab
Rate of Growth of Brain Areas Rate of Growth of Brain Areas
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
Effects of disrupted growth hormone function Effects of disrupted growth hormone function
Video: Cerebral Cortex Animation

For a complete list of videos, visit our video library