Multiple Choice
The traditional view of the production process is that capital is subject to
A) diminishing returns, so that other things the same, real GDP in poor countries should grow at a faster rate than in rich countries.
B) diminishing returns, so that other things the same, real GDP in poor countries should grow at a slower rate than in rich countries.
C) increasing returns, so that other things the same, real GDP in poor countries should grow at a faster rate than in rich countries.
D) increasing returns, so that other things the same, real GDP in poor countries should grow at a slower rate than in rich countries.
Correct Answer:
Verified
Correct Answer:
Verified
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