O A. economic growth most often occurs in economies with large populations, such as what we see in China today B. technological advances are determined by chance O C. our unlimited wants will lead us to ever greater productivity and perpetual economic growth O D. prosperity will last but growth will not last because eventually technology stops advancing Click to select your answer.
O A. economic growth most often occurs in economies with large populations, such as what we see in China today B. technological advances are determined by chance O C. our unlimited wants will lead us to ever greater productivity and perpetual economic growth O D. prosperity will last but growth will not last because eventually technology stops advancing Click to select your answer.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:What is predicted by new growth theory?
According to new growth theory,
A. economic growth most often occurs in economies with large populations, such as what we see in China today
B. technological advances are determined by chance
O C. our unlimited wants will lead us to ever greater productivity and perpetual economic growth
O D. prosperity will last but growth will not last because eventually technology stops advancing
Click to select your answer.
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