Neoclassical Growth Theory Placed Emphasis on Two Resources

question 67

Multiple Choice

Neoclassical growth theory placed emphasis on two resources:

• A) capital and entrepreneurship.
• B) natural resources and capital.
• C) capital and labor.
• D) labor and entrepreneurship.
• E) labor and natural resources.

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Definitions:

Impersonality

A term describing situations or behaviors that lack personal feelings or emotions, often found in formal organizations or bureaucracies to ensure objectivity.

Social Loafing

The tendency of individuals to exert less effort on a task when they are working in a group than when they are working alone.

Dissent

The expression or holding of opinions at variance with those previously, commonly, or officially held.

Group Members

Individuals who belong to a specific group or organization and share common goals, values, or interests with other members.