Economics · Economic Growth Models
Technical progress that arises as a result of deliberate economic actions by production units, such as intentional investment in research and development (R&D), is classified as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Endogenous technical progress✓
- 2Exogenous technical progress
- 3Neutral technical progress
- 4Disembodied exogenous technical progress
Correct answer
Endogenous technical progress
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