Classical Growth Economists Who Applied the Law of Diminishing Marginal

question 103

Multiple Choice

Classical growth economists who applied the law of diminishing marginal productivity to capital concluded that:

• A)both output and per capita output could grow indefinitely.
• B)output could grow indefinitely but per capita output could not.
• C)per capita output could grow indefinitely but output could not.
• D)neither output nor per capita output could grow indefinitely.

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Definitions:

Financial Difficulties

A situation where individuals or entities face challenges in managing their money, often leading to debt or bankruptcy.

Narrow View

A limited perspective that does not consider all aspects or possibilities, often focusing tightly on a single point or idea.

Individual Behavior

Actions and conduct exhibited by a person, influenced by individual attitudes, personality traits, and perceptions.

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