Empirical studies have generally shown that most of the real per capita income increase in industrialized countries is due to
A) capital accumulation
B) population growth
C) technical progress
D) infrastructure improvements
Correct Answer:
Verified
Q1: The capital to labor ratios of countries
Q3: Doubling L is likely to:
A)increases the relative
Q4: The Rybczynski theorem postulates that doubling L
Q4: Doubling only the amount of L available
Q5: If,at unchanged terms of trade,a nation wants
Q6: Dynamic factors in trade theory refer to
Q7: Doubling L with trade in a small
Q9: In the absence of trade,technical progress
A) tends
Q11: An increase in tastes for the import
Q11: Technical progress is usually classified into all
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