A key assumption of new growth theory is that A) all ...

[corkyiscool3328]

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

[lkanara2]

Answer to Question 1

C

Answer to Question 2

A

[corkyiscool3328]

Thank you

[lkanara2]

Happy to help you