2. Theories of development In the following table, identify which economic development theory each statement belongs to. Statement The higher income level triggers a population boom that would drive income back to the subsistence level. The long-term commitment incentivizes settlers to protect individual rights and limit the powers of government. Physical and human capital and technological advances are the primary sources of economic growth. Malthusian Theory Institutional Theory Neoclassical Theory

2. Theories of development In the following table, identify which economic development theory each statement belongs to. Statement The higher income level triggers a population boom that would drive income back to the subsistence level. The long-term commitment incentivizes settlers to protect individual rights and limit the powers of government. Physical and human capital and technological advances are the primary sources of economic growth. Malthusian Theory Institutional Theory Neoclassical Theory

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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2. Theories of development
In the following table, identify which economic development theory each statement belongs to.
Statement.
The higher income level triggers a population boom that would drive income back to
the subsistence level.
The long-term commitment incentivizes settlers to protect individual rights and limit
the powers of government.
Physical and human capital and technological advances are the primary sources of
economic growth.
Malthusian
Theory
Institutional
Theory
Neoclassical
Theory
O

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