According to the endogenous growth theory, when a single firm makes an investment that has positive externalities:
A) productivity will increase across many firms in the economy.
B) the economy will experience diminishing returns to capital.
C) a greater proportion of economic output will be needed to renew the existing capital.
D) the economy will reach a steady state growth rate.
Correct Answer:
Verified
Q21: Which of the following changes in the
Q22: Which of the following policies would provide
Q23: The neoclassical model of growth is an
Q24: An economy can experience increasing growth rates
Q25: Which of the following is a result
Q27: What does the stakeholder perspective of the
Q28: Which of the following is true of
Q29: Which of the following policies would increase
Q30: What does the convergence hypothesis state?
A) Since
Q31: The convergence hypothesis assumes that industrialized countries
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents