Choose the Statements Concerning Neoclassical Growth Theory Which Are True

question 77

Multiple Choice

Choose the statements concerning neoclassical growth theory which are true. 1.Neoclassical growth theory was developed in the late 19th century.
2.The rate of technological change influences the economic growth rate but economic growth does not influen pace of technological change.
3.Economic growth will stop if technology stops advancing.
4.Technological change results from the choices people make in the pursuit of profit.

• A)Statements 1 and 4 are correct.
• B)Statements 2 and 3 are correct.
• C)Statements 3 and 4 are correct.
• D)Statements 1 and 3 are correct.
• E)Statements 2 and 4 are correct.

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Definitions:

Organizations

Entities comprising multiple people working together toward a common goal, structured to coordinate their activities and resources efficiently.

Underpaid

Receiving less compensation for one's work than is considered fair or standard in the industry or profession.

Whistle

A small instrument that emits a high-pitched sound, typically used as a signal or to attract attention.

Bullying

Aggressive behavior manifested through repeated verbal, social, or physical harm, aimed at a specific individual or group.