Proponents of the New Growth Theory Argue That Which of the Following

question 211

Multiple Choice

Proponents of the new growth theory argue that which of the following is a determinant of economic growth?

• A) An effective system of patent protection
• B) The quality and size of the nation's human capital
• C) The proportion of income that goes into research and development
• D) All of the above

---

Definitions:

Downsizing

The act of reducing the number of employees within a company, typically to cut costs or improve efficiency.

Natural Attrition

The reduction in workforce size through normal means, such as retirement or resignation, without the need for layoffs.

Labor Shortage

A situation where there are not enough qualified candidates to fill the available job positions within a market or industry.

Temporary Employees

Workers hired for a fixed short-term period or for the completion of a specific project, often through staffing agencies.