The Linear Stages Theory of Economic Growth Fails to Recognize

question 26

Multiple Choice

The linear stages theory of economic growth fails to recognize that increased investment is

• A)both a necessary and a sufficient condition.
• B)a necessary but not a sufficient condition.
• C)a sufficient but not a necessary condition.
• D)neither a necessary nor a sufficient condition.

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Definitions:

Difference

In statistics, this refers to the subtraction of one value from another to determine the gap or extent of variation between them.

Directional Null Hypothesis

A type of null hypothesis that specifies the direction of the difference or association between two variables.

Directional Alternative Hypothesis

Alternative hypothesis that indicates the direction of the change, difference, or relationship.

Non-directional Alternative Hypothesis

A hypothesis that predicts a change in the dependent variable but does not specify the direction of the change.