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Author Question: What, according to neoclassical growth theory, is the fundamental cause of economic growth? What ... (Read 98 times)

vHAUNG6011

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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

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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


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