All of the Following Statements Are Included in New Growth

question 5

Multiple Choice

All of the following statements are included in new growth theory except

• A)discoveries are a public capital good.
• B)discoveries result from choices.
• C)the forces of competition destroy incentives to make new discoveries.
• D)discoveries bring profit, and competition destroys profit.
• E)knowledge is capital that is not subject to the law of diminishing returns.

Grasp the fundamentals of indifference curve analysis and its assumptions.

Recognize how changes in income and prices of goods affect budget lines.

Understand the concept of total utility and how it is represented on an indifference map.

Interpret the slope of a budget line and what it reflects.

---

Definitions:

Pro-life

A stance or movement opposing abortion, advocating for the right to life of the unborn.

Pro-choice

Advocating for the right to choose, especially the right of a woman to decide whether to have an abortion.

Child Free

A lifestyle choice wherein an individual or couple decides not to have children, either for personal, environmental, or financial reasons.

Unintended Pregnancies

Unintended pregnancies refer to pregnancies that are either mistimed, unplanned, or unwanted at the time of conception.