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Author Question: A key assumption of new growth theory is that A) all technological change is the result of luck. ... (Read 74 times)

corkyiscool3328

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on: Jun 29, 2018
A key assumption of new growth theory is that
 
  A) all technological change is the result of luck.
  B) higher incomes lead to a higher birth rate.
  C) a successful innovator has the opportunity to earn a temporary, above-average profit.
  D) the population growth rate is lower than the real interest rate.

Question 2

An article in the Financial Times reports on a trend by college students to take a year off after graduation given the lack of success in finding a job. In a survey published last month by TMP Worldwide...
 
  54 per cent of the final-year undergraduate interviewees were thinking about taking a gap year and one in 10 was planning to wait for a year to escape the financial chaos and wait for the economy to either improve or for the picture to become clearer. www.ft.com, 10/13/2008 These choices add to the fluctuations seen in the ________ as workers leave the labor force given their unsuccessful job searches. A) labor force participation rate
  B) employment rate
  C) efficiency wage
  D) inflation rate


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lkanara2

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


corkyiscool3328

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Reply #2 on: Jun 29, 2018
Thank you :)


lkanara2

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Reply #3 on: Jun 29, 2018
Happy to help you


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