Which of the Following Is True About 'New Growth Theory

question 47

Multiple Choice

Which of the following is true about 'new growth theory'?

• A)It states that the rate of technological change is determined outside the working of the market system.
• B)It does not adequately explain the factors that determine productivity.
• C)It states that the rate of technological change is unaffected by economic incentives.
• D)It states that the rate of technological change is caused by economic incentives.

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Definitions:

Internet

A global network of interconnected computers and servers that facilitates the exchange of data, communication, and information across the world.

Secular Society

A society where religious beliefs and institutions do not play a central role in public life or in the formulation of social and political policies.

Nativity Scene

A depiction of the birth of Jesus Christ, often displayed during the Christmas season and featuring figures of the infant Jesus, Mary, Joseph, and others.

Religious Society

An organized group of individuals who share the same beliefs, practices, and rituals pertaining to a specific religion.