Nonrivalry in the Romer model means that ideas created:
A) can benefit only similar economies.
B) can benefit only a few economies across the world.
C) can be used only in the economy that devised them.
D) can benefit virtually all economies across the world.
E) do none of the above.
Correct Answer:
Verified
Q51: In the Romer model, _ is the
Q55: Q57: In the Romer model with decreasing returns Q58: The parameter(s) in the Romer model is/are: Q58: A balanced growth path is defined as Q63: Defining the growth of variable zt as Q64: Defining the growth of variable zt as Q76: In the Romer model, with decreasing returns Q77: In the combined Solow-Romer model, long-run growth Q87: New irrigation techniques are examples of ideas.![]()
A)
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