In Contrast to the Earlier Neoclassical Models of Economic Growth,in

question 6

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:

Environmental Sustainability

The practice of utilizing natural resources in a way that maintains ecological balance and does not deplete resources, ensuring the environment can support future generations.

Artificial Intelligence

A branch of computer science that aims to create systems capable of performing tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation.

Digitization

The conversion of text, pictures, or sound into a digital form that can be processed by a computer.

Mega Themes

Large-scale, overarching trends and shifts that influence business, technology, and society, shaping the future landscape of industries.