The New Growth Theory Holds That Growth Can Persist Indefinitely

question 47

Multiple Choice

The new growth theory holds that growth can persist indefinitely based on the major assumption that

• A)discoveries result from regulations.
• B)knowledge capital does not experience diminishing returns.
• C)knowledge is a public capital good.
• D)discoveries bring profit.
• E)knowledge destroys profit.

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Definitions:

Neuroscience

the scientific study of the nervous system, including its structure, function, development, genetics, biochemistry, physiology, pharmacology, and pathology.

Biological Approach

A perspective in psychology that explains mental processes and behavior by focusing on genetic, hormonal, and neurochemical explanations.

Evolutionary Approach

A theoretical perspective that seeks to explain behavior through the lens of adaptation and natural selection.

Psychology

The scientific study of the mind and behavior, including the processes associated with thoughts, emotions, and actions.