Choose the Statements Concerning Neoclassical Growth Theory Which Are True

question 35

Multiple Choice

Choose the statements concerning neoclassical growth theory which are true. 1. Neoclassical growth theory was developed in the late 19th century.
2. The rate of technological change influences the economic growth rate but economic growth does not influence the pace of technological change.
3. Economic growth will stop if technology stops advancing.
4. Technological change results from the choices people make in the pursuit of profit.

• A)Statements 1 and 4 are correct.
• B)Statements 3 and 4 are correct.
• C)Statements 2 and 3 are correct.
• D)Statements 1 and 3 are correct.
• E)Statements 2 and 4 are correct.

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Definitions:

Publicly Traded Corporation

A company whose shares are offered for sale to the general public on a stock exchange.

Critical Viewing Skills

The ability to analyze, evaluate, and understand media content critically, taking into account context, purpose, and bias.

Aggressive Behavior

Actions meant to cause harm or force another individual into submission.

Media Framing

The process by which media sources select and present information in a certain way that influences how audiences understand it.