Parente and Prescott provide evidence that total factor productivity across countries can be explained by
A) differences in political ideologies.
B) differences in economic systems.
C) differences in savings rates.
D) barriers to technology adoption.
E) differences in levels of human capital.
Correct Answer:
Verified
Q1: For the Solow model to accurately explain
Q2: Barriers to Riches, by S. Parente and
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)
Q8: According to the Solow model, differences in
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
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