Neoclassical Growth Theory Is Based on the Assumption of ________

question 5

Multiple Choice

Neoclassical growth theory is based on the assumption of ________ marginal returns to a single factor and ________ returns to scale exhibited by the aggregate production function.

• A)decreasing; constant
• B)decreasing; decreasing
• C)constant; decreasing
• D)increasing; increasing
• E)increasing; constant

---

Definitions:

References List

A compilation of sources, such as books, articles, and websites, that are cited or consulted in the creation of a document or research paper.

Table of Contents

An organized list, usually found at the beginning of a document, that includes the titles and page numbers of sections for quick navigation.

Insert Caption

The option to add a brief explanation or description underneath a figure, table, or image in document or presentation software.

References Tab

A feature in word processing software that helps users manage and insert citations, footnotes, endnotes, and manage a bibliography.