Neoclassical Growth Theory

question 104

Multiple Choice

Neoclassical growth theory

• A)predicts that nations that enjoy a technological advantage will maintain that advantage.
• B)predicts that the faster growing underdeveloped nations will overtake and then surpass the industrial nations.
• C)predicts that growth rates and incomes per person throughout the world will converge.
• D)makes no predictions about relative growth or incomes among countries.

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Definitions:

Due Process

The fair treatment through the normal judicial system, especially as a citizen's entitlement.

Fourteenth Amendment

An amendment to the U.S. Constitution, adopted in 1868, that grants citizenship to all persons born or naturalized in the United States, including former slaves, and provides all citizens with equal protection under the laws.

Fifth Amendment

A provision of the U.S. Constitution that provides several protections for individuals, including the right against self-incrimination and the right to due process.

Tenth Amendment

Part of the U.S. Constitution that reserves all powers not delegated to the United States by the Constitution, nor prohibited by it to the States, to the States respectively, or to the people.