According to the Classical Model, Which of the Following Developments

question 112

Multiple Choice

According to the classical model, which of the following developments does NOT contribute to economic growth?

• A) labor productivity
• B) more capital
• C) technological change
• D) higher interest rates

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Definitions:

Negative Reinforcement

A behavior modification technique where the removal of an unpleasant stimulus strengthens the future behavior it follows.

Descriptive Norms

Social norms that describe what is commonly done or typical behavior within a group.

Injunctive Norms

Socially accepted behaviors perceived as approved by a majority within a group or society.

City-wide Campaign

An organised effort aimed at promoting a certain cause, product, or message across an entire city.