What is the main difference between the Harrod-Domar growth model and the Lewis growth model?
A) emphasizing on saving and investment.
B) physical capital is the key to promote economic growth.
C) how to promote saving and investment.
D) empirical support.
Correct Answer:
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Q14: In the Lewis model,in the subsistence sector,the
Q15: The Neoclassical growth model assumes:
A) diminishing marginal
Q16: What is the main difference between the
Q17: According to the Lewis model,workers are paid
Q18: Endogenous variables are:
A) given from outside the
Q20: In the Harrod-Domar growth model,suppose the
Q21: What is the significance of possible increasing
Q22: In the Neoclassical growth model,the steady state
Q23: In the Neoclassical growth model,if the saving
Q24: "Unconditional convergence" indicates
A) poor countries will grow
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