Which of the Following Ideas Apply to the Neoclassical Growth

question 8

Multiple Choice

Which of the following ideas apply to the neoclassical growth theory? I.The rate of technological change influences the rate of economic growth.
II.Technological change promotes saving and investment.
III.Convergence of economic growth rates across countries.

• A)I only
• B)II only
• C)III only
• D)I and II only
• E)I, II, and III

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Definitions:

Assimilation

A cognitive process in Piaget's theory where individuals integrate new information into preexisting knowledge frameworks.

Mental Structures

Conceptual frameworks or cognitive constructs that are used to organize and interpret experiences and information.

Preoperational Stage

A stage in Jean Piaget's developmental theory of childhood, from about ages 2 to 7, where children begin to engage in symbolic play but lack the ability to perform operations or think logically.

Represent Another

A phrase that suggests acting on behalf of or symbolizing someone or something else.