A Theory Without Capital or Technology

question 72

Multiple Choice

A theory without capital or technology

• A)is of limited use because there have always been capital and technology.
• B)is useful for illustrating production and economic conditions in the time before the Industrial Revolution.
• C)None of these
• D)is useful for illustrating the importance of population growth in improving the standard of living.
• E)is capable of explaining productivity growth.

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Definitions:

Certiorari Jurisdiction

A legal principle where a higher court reviews decisions and outcomes of lower courts.

Summary Judgment

A method of reaching a judgment in a civil case before trial. The standard for granting a motion for summary judgment is that there be no significant issue of material fact and that the moving party be entitled to judgment as a matter of law.

Material Fact

A fact that would influence a reasonable person's decision-making process in a particular context, such as in contracts or legal decisions.

In Personam Jurisdiction

The legal authority of a court to determine a case against particular persons or entities, based on their connection to the jurisdiction.