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Causes of economic growth cloned 8/11/2021

Last updated almost 5 years ago

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

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Explain, what is human capital?

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Give an example of a "good institution"

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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]

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