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Causes of economic growth cloned 8/11/2021

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Last updated over 4 years ago
22 questions
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Question 1
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Question 18
18.

Explain, what are incentives and what is their role in neoclassical theory?

Question 19
19.

Explain, what is human capital?

Question 20
20.

Give an example of a "good institution"

Question 21
21.

Abundance of natural resources, good institutions, investments in education, capital investment, research and development, international relations - which of these is the most important for productivity increases and why? [there can be more than one correct answer here, it's all about the way you justify your answer]

Question 22
22.

Use your research skills to find real world examples of "economic growth miracle" and "economic growth disaster" and briefly explain their causes.