According to the Neoclassical Growth Theory, Sustained Rising Material Living

question 31

Multiple Choice

According to the Neoclassical growth theory, sustained rising material living standards can only be explained by

• A)growth in human capital.
• B)growth in physical capital.
• C)exogenous technological change.
• D)balanced growth of labour and capital.
• E)growth in the labour force.

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Definitions:

Top Management's Directives

Top Management's Directives are instructions or policies issued by the highest level of an organization's leadership, guiding the organization's goals, strategies, and actions.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without prior learning.

Artificial Response

A reaction or answer that is fabricated or not naturally occurring, often as a result of outside manipulation or prompting.

Classical Conditioning

An acquisition of knowledge method where an environmental trigger is connected to an innate stimulus.