If this quote is TRUE, what would the neoclassical growth theory predict?
A) Economic growth stops because most technological advances have already been made.
B) Economic growth is temporary regardless of technological change and GDP per person returns to subsistence levels.
C) Economic growth will persist indefinitely because technological change will accelerate again as firms seek profits.
D) Economic growth will accelerate because these technological changes are permanent.
Question 2
A rent ceiling results in a shortage. As a result, which of the following do you expect?
A) The shortage will persist as long as the ceiling is in effect.
B) Discrimination as landlords choose their tenants, possibly based on race, age, or gender.
C) A black market for apartments whereby higher rents are obtained through various other charges.
D) All of the above would be expected.
This pediatric growth chart tracks the height and weight for girls ages 2–20.
British Output and Productivity Growth, 1760–1913
The Distribution of Growth Rates, 1975–2009
A Sociological Timeline of Major Figures in the Development of Sociological Theory, 1820–1960
economic question
Early growth of corn (Zea mays), a typical monocot.