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Which of the following is an i are accurate statementfs} about Neoclassical economics? O Explains with its theories and models l[and overall vision} some critical features of markets and the overall economy, including trust, institutions and the deeply- rooted biological and social foundations of economic thinking. O Explains why markets are different in the Capitalist era from markets in ancient Rome of ancient China, or the Feudal era. 0 Treats the economy as a system within larger social and political systems. (5) Makes critical assumptions about individual and collective behaviour centered around the observation that people tend to be at feast in the first seif- focussed. 0 All of the statements herein. The Phillips Curve relationship is itself a construct of which two observed relationships? 0 The inverse relationship between changes in unempiovment and changes in prices, and the inverse reiationship between changes in unemployment and changes in wages. O The reiationship between changes in output and changes in prices, and the direct relationship between changes in wages and changes in prices. 0 The connection between changes in wholesale prices and changes in final goods prices, and the link between changes in the rate of growth of wages and changes in inflation. O The inverse relationship between changes in unempioyment and changes in the growth rate of wages and saiaries, and the direct relationship between changes in the rate of growth of wages and salaries and changes in inflation rates. 0 The iink between changes in the price of cannabis and changes in the rate of labour productivity growth. 1Which of the following is not one of the key features of the Solow-Swan growth model? 0 Capital [as an input into the process of production} is subject to diminishing returns to scale in a closed economic system. 0 Economic growth. or growth per capita, is driven by technological growth, which is turn driven by dynamic interactions that are generated within the system [or model). 0 Technological progress is characterized as a residual driver of growth i.e., growth that cannot be explained by "additions to the stock of capital and a growing workforce. 0 All \"factors of production" are fully employed unless otherwise specified. 0 Permanent growth in per capita income or per capita output is attainable only via technological progress