Multiple Choice
The learning-by-doing model:
A) exhibits increasing returns to scale.
B) generates permanent economic growth as long as population remains constant.
C) specifies output as a function of the size of the labor force.
D) specifies that the rate of learning increases as cumulative output increases.
E) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: One of the issues not dealt with
Q9: Nearly a century ago, Alfred Marshall (1920)
Q10: Technological progress:<br>A) is similar no matter where
Q11: Evidence of learning-by-doing has been found in
Q12: Technological progress has been characterized as:<br>A) path
Q14: Among the characteristics of technology is/are:<br>A) technological
Q15: A measure of an economy's technological progress
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