Human capital accumulation is different from physical capital accumulation in that
A) human capital suffers from diminishing marginal returns.
B) there is no limit to human knowledge or how productive individuals can become.
C) physical capital has higher returns.
D) human capital costs more to acquire.
E) human capital is less productive.
Correct Answer:
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Q32: In the endogenous growth model presented in
Q33: Total factor productivity growth involves
A)research and development
Q34: In the endogenous growth model presented
Q35: The government can cause growth to increase
Q36: For the Solow model to accurately explain
Q38: Income per worker has been
A)converging in neither
Q39: Government ownership of production
A)increases total factor productivity.
B)is
Q40: The endogenous growth models were characterized by
A)Friedman
Q41: As a measure of aggregate economic welfare,
Q42: If a larger fraction of the population
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