Economic Growth Is the Result of All of the Following

question 10

Multiple Choice

Economic growth is the result of all of the following except

• A) technological change.
• B) capital accumulation.
• C) opportunity cost.
• D) investment in human capital.

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Definitions:

Systematic Factors

Factors that affect the entire market or a large segment of the market, such as economic, political, or social changes.

Expected Inflation

The anticipated rate at which the general level of prices for goods and services will rise over a period, eroding purchasing power.

Lintner

Lintner refers to John Lintner, an economist known for his work on the dividend policy of firms and contributions to the capital asset pricing model (CAPM).

Miller and Scholes

Refers to Merton Miller and Myron Scholes, economists recognized for their work in finance, including the development of the Black-Scholes model for option pricing.