Which of the Following Is Ignored by Exogenous Models of Economic

question 21

Multiple Choice

Which of the following is ignored by exogenous models of economic growth?

• A) The incentives and institutions that can foster and promote technological development.
• B) The fact that growth is determined by technological development.
• C) The effect of an increase in labour on the capital per worker ratio.
• D) The fact that economic output is needed to renew existing capital.

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Definitions:

Operant Conditioning

An instructional process in which the vigor of a behavior is shaped by the use of reinforcement or punishment.

Thorndike And Skinner

Scholars in the field of psychology known for their contributions to behaviorism and learning theories.

Instrumental Conditioning

A learning process through which the strength of a behavior is modified by reward or punishment.

Biological Causes

Refers to the physiological and genetic factors contributing to the development of diseases or health conditions.