The moral of the story of the Solow growth model is that:
A) human capital growth does not lead to economic growth.
B) capital accumulation is the key to sustained economic growth.
C) technological advance cannot sustain continuous economic growth.
D) capital accumulation alone cannot lead to sustainable economic growth.
Correct Answer:
Verified
Q94: The law of diminishing returns means that
Q95: The law of diminishing returns means that:
A)additional
Q96: With the advent of cloud computing, different
Q97: Southeast Asian countries experience high temperatures and
Q98: New farming techniques now use unmanned aerial
Q100: Thomas Malthus's predictions about the earth did
Q101: Thomas Malthus believed that:
A)food production would not
Q102: A constant returns to scale production function
Q103: An increasing return to scale production function
Q104: A decreasing returns to scale production function
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents