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.

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Definitions:

Vertical Axes

The y-axis in a graph or chart, typically showing the range of values for the variable measured.

Deviation Bar Graphs

Graphical representations that use bars to show the variability or deviation of data points from an average value.

Positive And Negative Values

Refers to the desirable or undesirable characteristics or attitudes that an individual or society holds.

Limit

The maximum extent, quantity, or degree of something that is permissible or possible.