Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
The story of economic growth in China and the United States illustrates which of the following concepts?
The story of economic growth in China and the United States illustrates which of the following concepts?
a) Catch-up growth for China depended on its own development of new technology.
b) China grew rapidly by creating the technology that later transferred to the United States.
c) The United States' growth rate is lower than China's because the United States is engaged in heavy capital accumulation.
d) U.S. creation of new technology did not allow for as much short-run economic growth as did China's accumulation of existing technology.
