Question

Endogenous growth theory rejects the assumption of exogenous:_________.a. population growth rates. b. production functions. c. rates of depreciation. d. technological change.

Answer 1

d. technological change.

Step-by-step explanation:

Endogenous growth theory can be defined as a theory which states that the growth of a company is directly related to its internal factors such as number of employees, policies, etc and not external factors.

Endogenous growth theory rejects the assumption of exogenous technological change.