A Recent Article States That

question 287

Multiple Choice

A recent article states that "...gains from two centuries of rapid technological innovation are largely exhausted, and new discoveries lack the same revolutionary quality....{Further}, 80 percent of the growth between 1950 and 1993 came from the new application of old ideas, and these old ideas are now mostly wrung dry."
(The Economist, 03/03/2011)
-The neoclassical growth theory says, in part, that

• A) a population explosion driven by economic growth will end economic growth.
• B) technological change leads to economic growth.
• C) the differences in nation's growth rates will persist indefinitely.
• D) technology does not play a role in economic growth.

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Definitions:

Point-Of-Sale Computers

Computerized systems used in retail environments to conduct sales transactions, manage inventory, and record customer purchases.

Short-Term Forecasts

Predictions about future events or trends that are expected to occur within a relatively brief time period.

Short-Range Forecasts

Predictions about future events or trends focusing on a short period, often used for immediate planning or decision-making.

Job Assignments

The allocation of tasks, responsibilities, or projects to employees or team members within an organization.