A Key Idea of the New Growth Theory Is That

question 105

Multiple Choice

A key idea of the new growth theory is that

• A) technology is not an important determinant of economic growth.
• B) economic growth is not as important as leisure time growth.
• C) the greater the rewards for technological advances, the greater the number of technological advances.
• D) the rewards associated with technological advances have little to do with the actual rate of invention or innovation.

---

Definitions:

Secured Short-Term Loan

A loan that is backed by collateral and has a maturity period of one year or less.

Assignment

The transfer of rights, property, or responsibilities from one party to another.

Factoring Of Receivables

The sale of a business's accounts receivable to a third party, at a discount, for immediate cash.

Accounts Receivable Period

The typical duration for an enterprise to gather owed payments from its customers.