Multiple Choice
Hypotheses to explain the positive correlation between factor accumulation and production efficiency include each of the following except:
A) the quality of a nation's institutions influences both factor accumulation and production efficiency.
B) capital accumulation causes greater production efficiency.
C) efficient economies make capital accumulation unnecessary.
D) an efficient economy encourages capital (including human capital) accumulation.
Correct Answer:
Verified
Correct Answer:
Verified
Q60: Two countries, Highland and Lowland, are described
Q61: The rate of labor-augmenting technological progress (g)
Q62: The recent worldwide slowdown in economic growth
Q63: The number of effective workers takes into
Q64: In a steady-state economy with population growth
Q66: In the two-sector endogenous growth model, the
Q67: Which of the following changes would bring
Q68: In the Solow growth model, technological change
Q69: Empirical investigations into whether differences in income
Q70: Evaluate the rate of saving to determine