A human capital externality is
A) when an individual has an unique skill.
B) when someone purchases a book, for example.
C) when there is a human capital congestion effect.
D) when higher human capital for one person increases the human capital of others, or makes them more productive.
E) when human capital causes pollution.
Correct Answer:
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Q2: In the endogenous growth model, government policy
Q3: In contrast to the Solow growth model,
Q4: In the endogenous growth model presented in
Q5: What explains the differences in standards of
Q6: Romer's model of endogenous growth is
A)inconsistent with
Q7: Human capital is
A)the accumulated stock of physical
Q8: Nonrivalry means
A)it is possible to prevent a
Q9: If the time allocated to human capital
Q10: Which of the following is best characterized
Q11: In the Solow growth model
A)higher total factor
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