Which of the Following Statements Is True of New Growth

question 121

Multiple Choice

Which of the following statements is true of new growth theory,and NOT true of Neoclassical growth theory?

• A)It cannot explain improved living standards over the long term.
• B)It can explain improved living standards over the long term.
• C)Economic growth does not have an impact on resource exhaustion.
• D)Economic growth depends only on population growth.
• E)Economic growth is the result of innovation.

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Definitions:

Balance Theory

A theory that proposes people strive for consistency and balance in their relationships and beliefs for a harmonious state.

Self-Stimulation Theory

A theory suggesting that behaviors are motivated by the intrinsic pleasure they provide.

Sexual Selection

A mode of natural selection where certain traits become more pronounced in a population because they are attractive to the opposite sex or aid in competitive success among the same sex.

Fecundity

the potential reproductive capacity of an individual or population, often measured by the number of offspring born.