Which of the Following Is a Criticism of the Neoclassical

question 6

Multiple Choice

Which of the following is a criticism of the neoclassical model of economic growth?

• A) The model assumes that there will be increasing returns to capital, which is incorrect.
• B) In the real world, convergence between rich and poor countries has not been observed.
• C) The model incorrectly assumes that growth affects technology and that technology also affects growth.
• D) The assumption that increasing capital per worker will lead to economic growth is

---

Definitions:

Objective Tests

These are assessments designed to measure individuals' knowledge or abilities in a specific area, providing quantifiable and concrete results.

Self-Report Tests

Psychological assessments where individuals provide data about themselves, often used to gather information on personality, symptoms of mental disorders, and more.

Confound

In an experiment, what occurs when two or more variables exert their influence at the same time, making it impossible to accurately establish the causal role of either variable.

Independent Variables

Factors in an experiment that are manipulated or changed by the researcher to observe their effects on dependent variables.