New Growth Theory

question 69

Multiple Choice

New growth theory

• A)states that the rate of technological change is determined outside the working of the market system.
• B)does not adequately explain the factors that determine productivity.
• C)states that the rate of technological change is caused by economic incentives.
• D)states that the rate of technological change is unaffected by economic incentives.

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Definitions:

Critical Thinking

The ability and willingness to assess claims and make judgments on the basis of well-supported reasons and evidence rather than emotion or anecdote.

Competent Work

Work performed to a standard that meets or exceeds expectations, demonstrating proficiency and skill.

Unmotivated

Lacking the desire or drive to engage in activities or pursue goals.

Biological Research

The scientific study of the life processes and phenomena of living organisms, including their genetics, biochemistry, and cellular structure.