Multiple Choice
In the endogenous growth models of Lucas and Romer,an increase in a worker's level of human capital
A) increases the amount of additional human capital he or she can produce, but does not increase the amount of output she can produce.
B) increases the amount of additional output he or she can produce, but does not increase the amount of human capital she can produce.
C) increases both the amount of additional human capital he or she can produce and the amount of output she can produce.
D) increases neither the amount of additional human capital he or she can produce nor the amount of output she can produce.
E) increases both the amount of additional human capital he or she can produce and the amount of total factor productivity produced.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: Income per worker has been<br>A) converging in
Q19: In the endogenous growth models of Lucas
Q20: In the context of the Solow growth
Q21: The production function exhibits<br>A) increasing returns to
Q22: What causes barriers to technology adoption?<br>A) weather<br>B)
Q24: In the Solow growth model,countries with identical
Q25: Nonrivalry means<br>A) it is impossible or extremely
Q26: There are greater opportunities for taking advantage
Q27: In the endogenous growth model,government policy can
Q28: The endogenous growth model appears consistent with