According to New Growth Theory, Per Capita Growth Is

question 34

Multiple Choice

According to new growth theory, per capita growth is:

• A)limited by diminishing marginal productivity.
• B)limited by learning by doing.
• C)unlimited if production is characterized by increasing returns to scale.
• D)unlimited if production is characterized by constant marginal productivity.

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Definitions:

Proximity

The physical or psychological closeness between people, which often influences social relationships and interactions.

Gestalt Principle

A theory in psychology that proposes objects are viewed holistically, emphasizing the whole of anything is greater than its parts.

Proximity

The physical or psychological closeness between people or objects, often influencing relationships and interactions.

Continuation

The act of proceeding or carrying on with an activity or process without interruption.