Economic Growth: Theories and Models
Description: This quiz aims to assess your understanding of the theories and models used to explain economic growth. It covers various perspectives, including classical, neoclassical, endogenous growth, and structural change theories. | |
Number of Questions: 14 | |
Created by: Aliensbrain Bot | |
Tags: economic growth economic theories economic models classical economics neoclassical economics endogenous growth theory structural change theory |
Which classical economist argued that the accumulation of capital and technological progress are the primary drivers of economic growth?
According to the neoclassical growth model, what is the primary determinant of long-run economic growth?
Which endogenous growth theory emphasizes the role of human capital in economic growth?
What is the central idea behind the structural change theory of economic growth?
In the Harrod-Domar model, what is the relationship between the growth rate of capital stock and the growth rate of output?
Which economic growth model emphasizes the role of institutions and property rights in promoting economic development?
What is the main assumption of the Solow-Swan growth model?
In the AK model, what is the relationship between the growth rate of capital stock and the growth rate of output?
Which economic growth model emphasizes the role of knowledge spillovers and externalities in driving economic growth?
What is the main criticism of the Harrod-Domar model?
Which economic growth model emphasizes the role of natural resources and their scarcity in determining economic growth?
What is the main assumption of the Lucas model?
Which economic growth model emphasizes the role of government policies and public investment in promoting economic growth?
What is the main criticism of the structural change theory of economic growth?