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
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 5P
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