According to the Solow model, differences in standards of living across countries is explained by
A) differences in labour supply.
B) differences in population growth.
C) differences in total factor productivity.
D) different barriers to technology adoption.
E) different steady states.
Correct Answer:
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Q3: Parente and Prescott provide evidence that total
Q4: In the Solow growth model, countries with
Q5: The Solow growth model predicts that aggregate
Q6: What can governments do to promote economic
Q7: What causes barriers to technology adoption?
A) weather
B)
Q9: What explains the differences in standards of
Q10: In contrast to the Solow growth model,
Q11: Income per worker has been
A) converging in
Q12: If monopoly power is not protected by
Q13: Government ownership of production
A) encourages competition.
B) should
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