3. New growth theory In the following table, identify the growth theory used to model each of the following views. New Growth Neoclassical Growth Technology is exogenous to the economic system. The amount of resources devoted to development of technology affects its quality. Endogenous technological advances drive economic growth. According to new growth theory, which of the following promote economic growth? Check all that apply. Discouraging workers from trying new ways of doing things Investing less on education, research, and development, and producing more capital goods instead Rearranging available resources in more valuable ways Devoting more resources to technological development