Question

Which of the following best describes endogenous growth theory?A. Technological change is influenced by economic incentives and is determined by the workings of the market system. B. Labor productivity will increase if managers can do a better job of organizing production. C. Technological change creates new products that drive old products out of the market. D. Equal increases in the amount of capital per hour worked lead to diminishing increases in output per hour.

Answer 1

A. Technological change is influenced by economic incentives and is determined by the workings of the market system

Step-by-step explanation: