The Notion That Technological Change Is Not Random but Instead

question 19

Multiple Choice

The notion that technological change is not random but instead is driven by the pursuit of profits is an essential element of

• A) classical growth theory.
• B) neoclassical growth theory.
• C) the new growth theory.
• D) perpetual growth theory.

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Definitions:

Distributive Justice

A principle concerned with the fair allocation of resources among diverse members of a community.

Libertarian

A political ideology favoring minimal state intervention in the personal and economic affairs of individuals, emphasizing freedom and voluntary association.

Egalitarian

Based on the principle that all people are equal and deserve equal rights and opportunities.

Equal Share

A division of assets, resources, or responsibilities among parties where each receives an identical portion or amount.