A Factor That Turned Out to Be a Weakness of the Classical

question 200

Multiple Choice

A factor that turned out to be a weakness of the classical theory of growth is its

• A) assumption that the growth rate of the population increases when income increases.
• B) emphasis on saving and investment.
• C) reliance on constant growth in technology.
• D) neglect of the subsistence real wage.

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Definitions:

Quantity Supplied

The sum total of a product or service that manufacturers are ready and capable of offering for sale at a particular price during a defined timeframe.

Oropharynx

The middle part of the throat behind the mouth, which includes the back one-third of the tongue, tonsils, and soft palate.

Nasopharynx

The upper part of the throat located behind the nose, an area that connects the nasal cavity to the throat and plays a role in respiration and speech.

Hypopharynx

The lower part of the pharynx that sits behind the larynx and connects to the esophagus, involved in the passage of food and air.