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:

New Deal Era

A period in the 1930s during which President Franklin D. Roosevelt implemented policies to counter the Great Depression, focusing on relief, recovery, and reform.

New Deal Legacy

The lasting effects and changes brought about by President Franklin D. Roosevelt's New Deal, a series of programs and policies to recover the United States from the Great Depression.

Limits

Boundaries or restrictions, whether physical, legal, or conceptual, that define the scope of actions or activities.

Isolationist Sentiment

A political stance advocating for a country to refrain from involving itself in international affairs or conflicts to focus on domestic issues.