Which of the following is NOT an assumption of Solow's neoclassical growth model?
A) Capital has a diminishing marginal product.
B) Countries have different technology.
C) Countries have different levels of physical capital.
D) Countries have identical levels of human capital.
Correct Answer:
Verified
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Q15: A production possibility frontier shows the:
A) minimum
Q16: An increase in capacity utilization is reflected
Q17: The production possibility frontier can shift out
Q19: According to the Solow's neoclassical growth model:
A)
Q20: According to the neoclassical growth model of
Q21: According to Solow's neoclassical growth model, a
Q22: According to the neoclassical growth model of
Q23: Which of the following statements is NOT
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