Which of the Following Statements Is True About New Growth

question 10

Multiple Choice

Which of the following statements is true about new growth theories and the Solow and Harrod-Domar models?

• A) Both underline the importance of factor accumulation and productivity in the growth process.
• B) Both treat technology as endogenous.
• C) Both take externalities into account.
• D) Both assume increasing returns to scale.

---

Definitions:

Religious Syncretism

Refers to the blending of two or more religious belief systems into a new system, or the incorporation of practices from another tradition into a religious tradition.

Tepeyac

A hill located in Mexico City, historically significant as the site where the Virgin Mary is believed to have appeared to Juan Diego in the apparition of Our Lady of Guadalupe.

All-Powerful

Possessing complete, unlimited, or omnipotent power, often used in the context of a deity or supreme being.

All-Knowing

An attribute often ascribed to a deity or supreme being, signifying possessing complete or infinite knowledge.