New Growth Theory Assumes

Multiple Choice

New growth theory assumes

A) knowledge capital is subject to decreasing returns at the firm level and increasing returns over the entire economy.
B) physical capital is subject to decreasing returns at the firm level and increasing returns over the entire economy.
C) physical capital is subject to increasing returns at the firm level and decreasing returns over the entire economy.
D) knowledge capital is subject to increasing returns at the firm level and decreasing returns over the entire economy.
E) the returns to knowledge capital can be exhausted in specific industries.