Multiple Choice
The per-worker production function in the Solow model assumes
A) constant returns to scale and increasing marginal productivity of capital.
B) constant returns to scale and diminishing marginal productivity of capital.
C) increasing returns to scale and diminishing marginal productivity of capital.
D) decreasing returns to scale and diminishing marginal productivity of capital.
Correct Answer:
Verified
Correct Answer:
Verified
Q81: What types of government policies can increase
Q82: An increase in the growth rate of
Q83: How would each of the following changes
Q84: If the steady-state capital-labor ratio is equal
Q85: In the Solow model,if f(k)= 2k<sup>0.5</sup>,s =
Q87: Endogenous growth theory attempts to<br>A)replace the Solow
Q88: In the textbook model of endogenous growth,in
Q89: Steady-state consumption per worker is<br>A)larger in the
Q90: An earthquake destroys a good portion of
Q91: A striking conclusion of the Solow model