Generally speaking technological progress leads to higher output
A) purely because it raises the productivity of capital
B) purely because it raises the steady-state capital stock
C) because it raises both the productivity of capital and the steady state capital stock
D) purely because it increase the capital stock for a given production function
E) purely because it raises the output produced by a given capital stock
Correct Answer:
Verified
Q2: In which respect is human capital unlike
Q3: Generally speaking year of schooling are
A) Rising
Q4: Which of the following is not measured
Q5: An increase in TFP
A) steepens the aggregate
Q6: Increases in human capital
A) reduce the marginal
Q7: Social capital includes
A) rent seeking
B) corruption
C) public
Q8: If human capital were the same in
Q9: Which of the following is not a
Q10: A sudden technological advance will generally result
Q11: Developed economies need to engage in research
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