An Important Foundation of the New Growth Theory Is That

question 68

Multiple Choice

An important foundation of the new growth theory is that

• A) we will get more technological advances the more the government is involved.
• B) we will get more technological advances when the rewards for producing them are greater.
• C) the growth rate of the capital stock is more important than the growth rate of new knowledge in generating economic growth.
• D) improvements in labor productivity are poor measures of technological growth.

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Definitions:

Proximate Cause

A legal concept referring to the primary cause of an injury or damage that is considered legally sufficient to hold someone responsible.

Superseding Cause

An intervening act or event that breaks the direct connection between the original wrongful act and the injury that occurred, relieving the original offender of liability.

Substantial Factor

A significant element or cause that contributes in a meaningful way to a particular outcome.

Foreseeable

A condition or event that is predictable or should have been anticipated in the course of planning or decision making.