Author Question: If this quote is TRUE, what would the neoclassical growth theory predict? A) Economic growth ... (Read 107 times)

cherise1989

  • Hero Member
  • *****
  • Posts: 555
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.



emsimon14

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library