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According to Economic Growth Theory, What Should Happen to the Productivity

question 31

Essay

According to economic growth theory, what should happen to the productivity level in all countries of the world in the long run? What is a key assumption of this prediction?


Definitions:

Fixed-ratio

A reinforcement schedule in which a response is rewarded after a predetermined number of responses.

Variable-interval

A reinforcement timetable in which a response is reinforced following a random duration of time.

Variable-ratio Schedule

A reinforcement schedule where a response is reinforced after an unpredictable number of responses, making it highly resistant to extinction.

Specific Number

A specific number refers to a distinct and particular numerical value, identified without ambiguity.

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