Which One of the Following Quotations Could Be Attributed to a Supporter

question 18

Multiple Choice

Which one of the following quotations could be attributed to a supporter of the classical growth theory?

• A)"Growth will last as long as knowledge accumulation continues."
• B)"Growth will last only until the increase in population brings productivity down to the subsistence level."
• C)"Growth will last as long as technology keeps advancing."
• D)"Prosperity will last as long as technology keeps advancing."
• E)"Prosperity will last as long as there is knowledge accumulation."

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Definitions:

Satisfice

A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution.

Cost-benefit Relationship

An analysis or assessment that compares the costs and benefits of a decision, project, or action to determine its feasibility or worth.

Least Expensive

The option or solution with the lowest cost among a selection of alternatives.

Edisonian Method

A trial-and-error approach to innovation and problem-solving, inspired by Thomas Edison's experimental practices.