With respect to long-run economic growth,one rationale for the idea that there may be increasing marginal returns to investment is that

Question

Quizplus · Accepted Answer

The rationale that there may be increasing marginal returns to investment due to the fact that "followers" face lower investment costs than "pioneers" suggests that as technology or methods are developed and disseminated, subsequent investors can capitalize on these advancements at a lower cost, potentially leading to increasing returns on their investments.

With Respect to Long-Run Economic Growth,one Rationale for the Idea