One of the Implications of New Growth Theory Is That

question 91

Multiple Choice

One of the implications of new growth theory is that economic growth arises from

• A) more government spending, such as military spending.
• B) investments in knowledge.
• C) financial safety nets for the poor, such as Medicaid.
• D) reductions in the birth rate.

---

Definitions:

Assumptions

Beliefs or statements taken for granted without proof, often used as a basis for reasoning or argument.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often resulting in prejudice against other cultures.

Cultural Pluralism

The coexistence of diverse cultures, where cultural differences are accepted and appreciated by the majority society.

Stereotyping

The act of assigning a fixed, oversimplified image or idea to a person or group, often based on limited information.