According to the Classical Growth Model, the Most Important Source

question 81

Multiple Choice

According to the Classical growth model, the most important source of economic growth is:

• A)population growth.
• B)capital accumulation.
• C)technological development.
• D)increasing returns to scale.

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Definitions:

Breach of Warranty

The failure to fulfill the terms of a promise or assurance, typically regarding the quality, condition, or performance of a product or service.

Lessor

The party in a lease agreement who owns the leased asset and provides it to the lessee in return for payment.

Warranted

Justified; having a valid reason or basis, often referring to a guarantee provided on a product or service.

Title

Legal ownership and right to the use of property.