Multiple Choice
Government policies that increase the efficiency of the education sector
A) increase the growth rate of output and consumption, unambiguously increasing welfare.
B) increase the growth rate of output but have an ambiguous impact on consumption growth and welfare.
C) increase the growth rate of consumption, has no effect on output.
D) increase welfare but have ambiguous effects on growth rates of consumption and output.
E) imply a trade-off between accumulating human capital and physical capital.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: The government can cause growth to increase
Q17: A human capital externality is<br>A) when there
Q18: In the endogenous growth model, for the
Q19: In the endogenous growth model, more time
Q20: The Solow growth model<br>A) does a better
Q22: In contrast to the Solow growth model,
Q23: Government ownership of production<br>A) encourages competition.<br>B) should
Q24: Suppose a country is significantly richer than
Q25: The Solow growth model predicts that aggregate
Q26: In the endogenous growth model presented in