William Nordhaus' Depletion Hypothesis

question 60

Multiple Choice

William Nordhaus' depletion hypothesis

• A)is an attempt to explain the drop in the multifactor productivity growth rate between 1913 and 1964.
• B)suggests that depletion of natural resources may explain part of the drop in multifactor productivity growth.
• C)suggests that a drop in the rate at which new inventions are made may explain part of the drop in multifactor productivity.
• D)B and C
• E)all of the above

---

Definitions:

Waiver

A voluntary relinquishment or surrender of some known right or privilege.

Release

A promise not to sue or press a claim, or a discharge of a person from any further responsibility to act.

Neurological Disease

A condition affecting the nervous system, including the brain, spinal cord, and nerves.

Specific Performance

A legal remedy that requires a party to perform a specific act, often the fulfillment of a contract, rather than simply paying damages for failing to fulfill it.