In contrast to the Solow growth model, the endogenous growth model
A) does not take standards of living into account.
B) does not take savings into account.
C) predicts persistent differences in per capita income.
D) predicts convergence in per capita incomes over time.
E) does not explain reality.
Correct Answer:
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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)
Q8: According to the Solow model, differences in
Q9: What explains the differences in standards of
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
Q14: Barriers to the adoption of new technology
Q15: Suppose that two countries share identical levels
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