Cultural and social forces,such as religious prohibitions on certain activities or ethical norms regarding effort
A) have no effect on economic output, and so are deliberately excluded from growth accounting
B) are not captured in the production functions used for growth accounting
C) are assumed to influence total factor productivity
D) are measured as part of labor input
E) are treated as 'social capital' in the production function
Correct Answer:
Verified
Q13: Rent-seeking differs from entrepreneurship in that rent-seeking
A)
Q14: The most important effect of increased schooling
Q15: If all other factors,including human capital,were the
Q16: Rent seeking behavior can affect economic growth
Q17: The historically slow development of the Chinese
Q19: Economic historians argue that an important trigger
Q20: One of the main social factors that
Q21: Which of the following does not promote
Q22: The next questions refer to the following.
Suppose
Q23: The next questions refer to the following.
Suppose
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