New Growth Theory Holds That Technology Is __________ and That

question 35

Multiple Choice

New growth theory holds that technology is __________ and that the more resources that go to develop technology,the __________ technology that is produced.

• A) exogenous; more and better
• B) exogenous; less
• C) endogenous; more and better
• D) endogenous; less

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Definitions:

Day-Care Facilities

Institutions that provide care and supervision to children during the daytime, allowing parents to work or engage in other activities.

Factor-Comparison Method

A technique used in job evaluation that involves comparing jobs to a series of key factors and assigning monetary values to them.

Point System

A method for evaluating or ranking options based on the allocation of points to criteria deemed important.

Compensable Factors

Elements of a job that are used to determine its value and appropriate compensation, including factors like skill level, effort, responsibility, and working conditions.