New Growth Theory States That Increases in ________ Capital Will

question 94

Multiple Choice

New growth theory states that increases in ________ capital will result in ________ at the ________ level.

• A)knowledge; increasing returns to scale; firm
• B)physical; decreasing returns to scale; firm
• C)knowledge; decreasing returns to scale; economy
• D)knowledge; increasing returns to scale; economy

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Definitions:

Price Supports

Government interventions in the market to maintain the price of a commodity at a certain level.

Farm Products

Products that are the result of agriculture and livestock cultivation, such as fruits, vegetables, grains, and meat.

Farm Employment

Jobs and labor associated with working on farms, including planting, cultivation, and harvesting of crops, as well as raising livestock.

Agriculture Commodities

Products derived from farming and agriculture, such as grains, livestock, and dairy products, which are traded on commodities markets.