Multiple Choice
In the Cobb-Douglas production function, the closer capital's share of income is to 1:
A) the closer to a straight line is the production function.
B) the more concave the production function.
C) the more convex the production function.
D) the more labor is used in the production process.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: The AK model generates permanent economic growth
Q18: Which of the following is not one
Q19: Paul Romer's definition of technology includes:<br>A) institutions.<br>B)
Q20: A learning curve relates:<br>A) the costs of
Q21: Endogenous growth models:<br>A) explicitly specify how technology
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