Multiple Choice
AK growth models argue that which type or types of capital may not be subject to diminishing returns?
A) only physical capital
B) physical capital and human capital
C) human capital and knowledge
D) knowledge and physical capital
Correct Answer:

Verified
Correct Answer:
Verified
Q66: As the capital-labour ratio increases,break-even investment<br>A) increases
Q67: Using AK growth models and assuming that
Q68: Describe the relationship between the production function,the
Q69: Devastating damage resulting from a major earthquake
Q70: Describe the steady state in the Solow
Q72: Over time,nations tend to converge to<br>A) the
Q73: Suppose y = k¹/²,total factor productivity is
Q74: An economy accumulates capital when<br>A) its capital-labour
Q75: The Solow growth model predicts that a
Q76: An increase in the level of total