
Govenment policies that increase the efficiency of the education sector
A) increase the growth rate of output and consumption, unambiguously increasing welfare.
B) increase the growth rate of output but have an ambiguous impact on consumption growth and welfare.
C) increase the growth rate of consumption, has no effect on output.
D) increase welfare but have ambiguous effects on growth rates of consumption and output.
E) imply a trade-off between accumulating human capital and physical capital.
Correct Answer:
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Q52: Romer's model of endogenous growth is
A) consistent
Q53: In the endogenous growth model presented in
Q54: In the endogenous growth model,government policy can
Q55: Investment in education will be more productive
Q56: The endogenous growth model appears consistent with
Q57: Decreasing the fraction of time devoted to
Q58: In the endogenous growth model,more time spent
Q60: The marginal product of human capital
A) rises
Q61: What are the major factors affecting standards
Q62: A study by M.Bils and P.Klenow suggests
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