According to the new growth theory

a. preventing imports is an important technique that governments can follow to generate greater domestic economic growth.

b. patents should be revoked so that all can share the benefits of new technology.

c. knowledge about how to produce goods and services is an important source of economic growth.

d. the growth of technology is determined outside the economic system and cannot be explained by economic theories.

Question

Business

Melina Doyle

1 May, 10:00

According to the new growth theory

a. preventing imports is an important technique that governments can follow to generate greater domestic economic growth.

b. patents should be revoked so that all can share the benefits of new technology.

c. knowledge about how to produce goods and services is an important source of economic growth.

d. the growth of technology is determined outside the economic system and cannot be explained by economic theories.

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Answers (1)

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Jaslene · Answer 1

The answer is letter c, when this is according to the new growth theory in which knowledge about producing goods and services is considered to be important as it is a source of economic growth because new growth theory is having to focus or ague with the GDP of an individual in which will increase because of their desire to attain or achieve profits.