Which of the Following Is Consistent with Classical Growth Theory

question 6

Multiple Choice

Which of the following is consistent with classical growth theory?

• A)Real GDP per person will never permanently increase.
• B)As real GDP increases, there will be a decrease in the rate of population growth.
• C)Competition destroys innovation and decreases profit.
• D)Real GDP per person will increase because technological change induces investment.

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Definitions:

Confederates

Individuals who are part of the experimental setup but pretend to be participants in a study, used to manipulate social situations as part of the research design.

Conformity

The act of matching attitudes, beliefs, and behaviors to what people perceive as normal to a specific society or social group.

Social Norms

The attitudes and standards of behavior expected of members of a particular group.

Conformity

The practice of aligning one's attitudes, beliefs, and actions with those of a group or conforming to its norms and politics.