Endogenous growth theory tries to explain why
A) the growth rate of technological change varies across countries.
B) capital is not subject to diminishing marginal returns.
C) total factor productivity is the only determinant of labour productivity.
D) balanced growth occurs in all economies.
Correct Answer:
Verified
Q65: In the two-sector growth models,endogenous growth arises
Q66: When an economy is on the balanced
Q67: In the Solow growth model,the growth rate
Q68: Government policies that reduce the price of
Q69: In the two-sector growth models,the size of
Q71: Balanced growth paths can differ across countries
Q72: Using AK growth models and assuming that
Q73: Why does growth occur in two-sector growth
Q74: Over half of the increase in labour
Q75: Over time,nations tend to converge to
A) the
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