Multiple Choice
The AK model implies that
A) government should invest in R&D to maintain long-run economic growth.
B) human capital increases with the accumulation of physical capital.
C) the standard of living in all countries will converge in the long-run.
D) capital growth is subject to diminishing returns.
Correct Answer:
Verified
Correct Answer:
Verified
Q29: The growth-environmental quality relationship can be explained
Q30: You support an industrial policy for Canada.Which
Q31: The endogenous growth theory attempts to<br>A)replace the
Q32: Suppose the rate of economic growth in
Q33: If f(k)= 6k⁰.⁵,s = 0.1,n = 0.1,and
Q35: A country has the per-worker production function
Q37: What is market policy? How does it
Q39: If f(k)= 6k⁰.⁵,s = 0.1,n = 0.1,and
Q68: In the absence of productivity growth,in a
Q82: An increase in the growth rate of