Which of the Following Is Consistent with the Classical Theory

question 106

Multiple Choice

Which of the following is consistent with the classical theory of growth?

• A)Rapid population growth in poor countries
• B)Permanent increases in real wages
• C)Permanent growth in productivity
• D)Permanent increases in living standards

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Definitions:

Pooling Resources

The act of combining financial, physical, or other types of assets from multiple sources or individuals for common use or benefit.

Divorce Rates

The proportion of marriages that end in divorce within a specific time period or demographic.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant battles, genocide, and the first use of nuclear weapons.

Industrialization

The process of transforming economies to large-scale manufacturing and technological advancements, shifting from agrarian to industrial sectors.