Evaluate the Following Statement

question 31

Essay

Evaluate the following statement. "Technical progress may be a less costly means of achieving long-term economic growth than increasing capital."

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Definitions:

Fight or Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival, priming the body for fighting or fleeing.

Natural Selection

A process by which organisms that are better adapted to their environment tend to survive and produce more offspring, a key mechanism of evolution.

Prefrontal Cortex

The front part of the frontal lobes of the brain, involved in complex behaviors including planning, personality expression, decision making, and moderating social behaviour.

Limbic System

An elaborate neural framework and circuits within the brain, positioned near the cortex's edge, that are key in controlling natural impulses and mood fluctuations. It oversees essential emotions like anger, joy, and fear, in addition to primal needs such as the pursuit of food, sexual satisfaction, power, and offspring care.