The fact that the United States has grown steadily on average over the past two centuries is consistent with:
A) the hypothesis that incomes of poor countries tend to converge to incomes of rich countries.
B) the law of diminishing returns to capital.
C) the concept that increases in investment cause higher living standards.
D) the concept that better ideas result in economic growth in the long run.
Correct Answer:
Verified
Q77: Q173: In the Solow model, better ideas will Q175: Assume that a country's production function Q176: In the Solow model, better ideas will Q177: Ideas are not rivalrous, meaning that: Q179: Why might it be a good thing Q180: Ideas are: Q181: With possible spillover of ideas, there will Q182: Which statement is NOT true? Q183: _ grants temporary monopoly rights to an
A) many
A) rivalrous.
B) nonrivalrous.
C) partly rivalrous.
D) sometimes
A) Ideas for
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