Multiple Choice
Endogenous growth models:
A) explicitly specify how technology is accumulated.
B) explicitly specify how capital is accumulated.
C) ignore technology and capital accumulation, but focus on labor instead.
D) take technological progress as an exogenous variable that influences all the remaining endogenous variables.
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Externalities:<br>A) are incidental by-products of some other
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
Q22: In the Cobb-Douglas production function, the closer
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