Multiple Choice
If the marginal product of capital were increasing in all nations
A) nations would experience a rapid convergence to a steady state in which GDP per capita would be the same across countries
B) poverty traps would be avoided
C) nations with large capital stocks would in vest more than nations with small capital stocks
D) technology would spill over rapidly from rich nations into poor nations
E) the marginal product of labor would also be increasing in all nations
Correct Answer:
Verified
Correct Answer:
Verified
Q1: One reason to believe that the marginal
Q2: Empirically,in recent decades<br>A) convergence has taken place
Q3: Ethno-linguistic diversity in Africa is largely the
Q4: One difference between exogenous growth models and
Q6: If the economy's production function is given
Q7: Which of the following is not associated
Q8: Under the conditions of endogenous growth,<br>A) there
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