Government 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:
Verified
Q49: In the endogenous growth model presented in
Q50: In the endogenous growth model,
A) the growth
Q51: Government policy can change the rate of
Q52: Decreasing the fraction of time devoted to
Q53: The production function exhibits
A) increasing returns to
Q55: The endogenous growth model appears consistent with
Q56: In the endogenous growth model presented in
Q57: If the time allocated to human capital
Q58: In the endogenous growth model presented in
Q59: The marginal product of human capital
A) rises
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