Multiple Choice
The AK model is important because:
A) investment is indeed the primary source of all economic growth.
B) technological progress can make the economy behave as if it had an AK production function.
C) in the long run, there are no diminishing returns.
D) all factors are essentially reproducible in some form.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: The reason that an increase in α
Q24: Researchers seeking to estimate total factor productivity
Q25: Technology is often described as:<br>A) a rival
Q26: The endogenous growth models based on equipment
Q27: The fundamental logic behind the AK model
Q29: The endogenous growth models based on equipment
Q30: When the learning-by-doing process is specified as
Q31: The Solow residual is:<br>A) usually very small.<br>B)
Q32: The creation of technology is hampered by
Q33: In addressing the issue of international trade