According to New Growth Theory, Technological Change Is Driven by

question 119

Multiple Choice

According to new growth theory, technological change is driven by

• A) government policies.
• B) firms' attempts to increase their profit.
• C) random chance.
• D) foreign firms' attempts to increase their sales in the domestic market.

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Definitions:

Interest Allowances

Financial incentives or rebates given to borrowers, typically reducing the amount of interest they need to pay on loans.

Salary Allowance

A fixed amount of money paid regularly to employees in addition to their normal salary for specific purposes.

Net Income

The total profit of a company after accounting for all costs and expenses, including taxes and interest.

Division

A large section or branch of a company that operates somewhat independently while remaining part of the larger entity.