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Which of the Following Flowcharts Best Summarizes Romer's Description of Ideas

Question 45

Multiple Choice

Which of the following flowcharts best summarizes Romer's description of ideas and growth?


A) Ideas \rightarrow Nonrivalry \rightarrow Increasing returns \rightarrow Imperfect competition
B) Ideas \rightarrow Capital \rightarrow Constant returns \rightarrow Imperfect competition
C) Capital \rightarrow Rivalry \rightarrow Increasing returns \rightarrow Perfect competition
D) Ideas \rightarrow Rivalry \rightarrow Increasing returns \rightarrow Perfect competition
E) Capital \rightarrow Nonrivalry \rightarrow Decreasing returns \rightarrow Imperfect competition

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