According to New Growth Theory________

question 175

Multiple Choice

According to new growth theory________ .

• A) knowledge does not experience diminishing returns
• B) knowledge is subject to the law of diminishing returns
• C) growth rates and income levels per person around the globe will converge
• D) ever-advancing productivity keeps the population growth rate high

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Definitions:

Legislation

Laws or acts passed by governing bodies to regulate, authorize, forbid, or declare something.

Counterculture

A way of life and set of attitudes opposed to or at variance with the prevailing social norm; often associated with movements in the 1960s.

Subculture

A cultural group within a larger culture, often having beliefs or interests at variance with those of the larger culture.

Subaltern Culture

Cultures and groups occupying positions of lesser power and voice in society, often marginalized and overlooked.