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New Growth Theory
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New Growth Theory
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13. Productivity and Economic Growth / New Growth Theory / Problem 5
Problem 5
A country invests in higher education to improve its human capital. How does this investment likely affect the country's ability to achieve technological breakthroughs?
A
It increases the likelihood of technological breakthroughs by enhancing the effectiveness of research and development.
B
It decreases the likelihood of technological breakthroughs due to increased costs.
C
It has no effect on technological breakthroughs.
D
It only affects the service sector, not technological breakthroughs.
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