Which of the following is ignored by exogenous models of economic growth?
A) The incentives and institutions that can foster and promote technological development.
B) The fact that growth is determined by technological development.
C) The effect of an increase in labour on the capital per worker ratio.
D) The fact that economic output is needed to renew existing capital.
Correct Answer:
Verified
Q28: Which of the following is true of
Q29: Which of the following policies would increase
Q30: What does the convergence hypothesis state?
A) Since
Q31: The convergence hypothesis assumes that industrialized countries
Q32: Endogenous growth theory considers models in which:
A)
Q34: How do strong trade unions and legislation
Q35: Endogenous growth models advocate:
A) labour force growth
Q36: In the neoclassical model of economic growth,
Q37: Which of the following is a criticism
Q38: How does an endogenous growth model differ
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents