« previous next »

Author Question: What, according to neoclassical growth theory, is the fundamental cause of economic growth? What ... (Read 62 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?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

An overview of the process of primary and secondary growth in a woody stem. An overview of the process of primary and secondary growth in a woody stem.
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
Soils support plant growth through ion exchange Soils support plant growth through ion exchange
economic question economic question
economic question economic question
economic question economic question
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library