In Contrast to the Earlier Neoclassical Models of Economic Growth

question 3

Multiple Choice

In contrast to the earlier neoclassical models of economic growth, in endogenous growth models, there is more emphasis on

• A)human capital.
• B)externalities.
• C)increasing returns to scale.
• D) All of the above.

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Definitions:

Bruce Tuckman

A psychologist who developed a model of group development stages, including forming, storming, norming, performing, and adjourning.

Group Development

The process through which a group evolves over time, typically through forming, storming, norming, performing, and adjourning stages.

High Loyalty

A strong feeling of support or allegiance towards an organization, brand, or group.

Sequential Interdependence

A work process situation where the output of one task serves as the input to the next in a linear sequence.