Multiple Choice
Under the conditions of endogenous growth,
A) there is no role for government intervention in taxing or subsidizing investment
B) constant MPK prevents spillover effects between physical and human capital
C) subsidies for capital investment can boost long run growth
D) firms are likely to over-invest in physical capital
E) investment continues only until a steady state is reached
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Ethno-linguistic diversity in Africa is largely the
Q4: One difference between exogenous growth models and
Q5: If the marginal product of capital were
Q6: If the economy's production function is given
Q7: Which of the following is not associated
Q9: Endogenous growth theory explains poverty traps as
Q10: Most evidence suggests that aid<br>A) Has a
Q11: Those who argue that geography is not
Q12: Colonialism affected African growth by<br>A) fractionalizing the
Q13: Which of the following is most frequently