Author Question: An important foundation of the new growth theory is that A) we will get more technological ... (Read 61 times)

WhattoUnderstand · **on:** Jun 30, 2018

An important foundation of the new growth theory is that

A) we will get more technological advances when the rewards for producing them are greater.
B) the growth rate of the capital stock is more important than the growth rate of new knowledge in generating economic growth.
C) we will get more technological advances the more the government is involved.
D) improvements in labor productivity are poor measures of technological growth.

Question 2

Which of the following represents a function of money?

A) standard of deferred payment B) medium of exchange
C) unit of accounting D) all of the above