All of the Following Statements Are Included in New Growth

question 5

Multiple Choice

All of the following statements are included in new growth theory except

• A)discoveries are a public capital good.
• B)discoveries result from choices.
• C)the forces of competition destroy incentives to make new discoveries.
• D)discoveries bring profit, and competition destroys profit.
• E)knowledge is capital that is not subject to the law of diminishing returns.

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Definitions:

Peripheral Nervous System

The part of the nervous system outside the brain and spinal cord, connecting the central nervous system to limbs and organs.

Knee-Jerk Reflex

A reflexive action in which the knee extends (jerks) automatically when the patellar tendon is tapped, assessed in neurological examinations.

Central Nervous System

Part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out information.

Activities

Tasks or actions that are undertaken for various purposes such as leisure, learning, or physical exercise.