Modern or "New" Theories of Long-Run Economic Growth Are Based

question 11

Multiple Choice

Modern or "new" theories of long-run economic growth are based on the assumptions that technological change is mainly ________ to an economy and that investment yields ________ marginal returns.

• A)exogenous; diminishing
• B)exogenous; constant
• C)exogenous; increasing
• D)endogenous; decreasing
• E)endogenous,increasing

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Definitions:

Allocating

The process of apportioning costs or resources among departments, activities, or products.

Receiving Report

The form or electronic transmission used by the receiving personnel to indicate that materials have been received and inspected.

Purchased Materials

Raw materials and components that are bought by a company from external suppliers for use in the production process.

Manufacturing Department

A division within a company that is focused on the production of goods through the combination of human labor, machinery, and raw materials.