Which of the Following Ideas Apply to the Neoclassical Growth

question 230

Multiple Choice

Which of the following ideas apply to the neoclassical growth theory?
I. The rate of technological change influences the rate of economic growth.
II. Technological change promotes saving and investment.
III. Convergence of economic growth rates across countries.

• A) I only
• B) III only
• C) I and II
• D) I, II and III

---

Definitions:

Market Entry

The strategy or process of introducing a new product or service into a new or existing market.

Retail Life Cycle

Describes the stages of growth and decline that retail businesses go through, including introduction, growth, maturity, and decline.

Early Growth

A stage in the product life cycle characterized by rapid sales growth and increasing market acceptance.

Accelerated Development

The process of speeding up the development timeline of a project or product to bring it to market faster.