According to Solow's exogenous growth theory, what happens to a country at steady state that suffered extensive capital destruction due to a war or climate event?
A) It will stay poor forever.
B) It will grow back to be richer than before.
C) It will get back to its original status.
D) Anything can happen.
C
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In a three-player game, a Nash equilibrium exists when all players are playing their best response to one another
Indicate whether the statement is true or false
Taco Bell produces both tacos and burritos because when it does so, Taco Bell experiences
A) economies of scope. B) decreasing scope of costs. C) increasing normal profit. D) economies of scale.
When firms earn below normal rates of return
A. they raise their prices to increase their profits. B. they tend to leave the industry and seek profits elsewhere. C. they are still breaking even economically. D. they tend to stay in the industry in anticipation of other firms leaving the industry.
Which of the following is a part of the "employer mandate" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Every firm with more than 3 full-time employees must offer health insurance to its employees and must automatically enroll them in the plan. B) Small businesses with fewer than 50 employees are exempt from being required to participate in the program. C) Firms with 50 or more full-time employees must offer health insurance or pay a fee up to $3,390 to the federal government for every employee who receives a tax credit from the federal government for obtaining health insurance through a health insurance marketplace. D) Every resident of the United States must have health insurance that meets certain basic requirements.