Multiple Choice
The endogenous growth models based on equipment investment and learning-by-doing assume that technological progress enters the neoclassical production function as:
A) the result of intentional R&D activity by profit-motivated producers.
B) the result of investment in human capital.
C) an increase in the quantity of the factors.
D) an externality.
Correct Answer:
Verified
Correct Answer:
Verified
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