If the time allocated to human capital accumulation increases
A) output grows at a higher rate, but is lower initially.
B) international trade declines.
C) the government sector grows.
D) output is higher forever.
E) output is lower forever.
Correct Answer:
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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
Q10: Which of the following is best characterized
Q11: In the Solow growth model
A)higher total factor
Q12: In the endogenous growth model presented
Q13: What causes barriers to technology adoption?
A)population
B)tax policies
C)the
Q14: Which of the following statements best describes
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