How does an endogenous growth model differ from an exogenous model of economic growth?
A) An exogenous model suggests that governments have a role in developing the economy while an endogenous model ignores the role of the government.
B) An exogenous growth model assumes that technological development takes place outside
C) An endogenous model suggests that rich and poor economies will converge over time while an exogenous model suggests that convergence will not occur.
D) An exogenous model suggests that high capital per worker ratios are preferable while an
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Q33: Which of the following is ignored by
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
Q39: The UK has many educated managers, but
Q40: Which of the following is an example
Q41: Which of the following is a disadvantage
Q42: Which of the following is an example
Q43: Which of the following would explain why
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