A Factor That Turned Out to Be a Weakness of the Classical

question 255

Multiple Choice

A factor that turned out to be a weakness of the classical theory of growth is its

• A) emphasis on saving and investment.
• B) assumption that the growth rate of the population increases when income increases.
• C) reliance on constant growth in technology.
• D) neglect of the subsistence real wage.

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Definitions:

Immediate Gratification

The desire to experience pleasure or fulfillment without delay or deferment, often prioritizing short-term rewards over long-term benefits.

The Id

According to Freud, is the part of the self that demands immediate gratification.

Societal Rules

Norms, guidelines, and laws established by a society to regulate behavior and maintain order among its members.

Singular Sense

The unique or individual meaning or perspective of a term or concept.