The Solow model is distinct from the Romer model in that an increase in population tends to cause ________
A) a permanent decrease in the standard of living in the Romer model
B) an increase in spillover effects in the Solow model, but not in the Romer model
C) a permanent increase in the standard of living in the Solow model
D) a permanent increase in the standard of living in the Romer model
D
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The Immigration Reform and Control Act of 1986:
A. Increased fines on employers who hire illegal immigrants B. Boosted funding for fencing, monitoring, and policing the U.S.-Mexican border C. Created a guest worker program D. Created an amnesty program for illegal immigrants
he United States' economy was most depressed in
A. 1923. B. 1933. C. 1943. D. 1953.
Which of the following is characteristic of a monopolistically competitive firm?
a. The firm faces an upward-sloping demand curve. b. The firm faces an inelastic demand curve. c. The firm faces a horizontal demand curve. d. The firm produces a differentiated product.
Which of the following was the result on appeal in Webster v. Blue Ship Tea Room, Inc., the case in the textbook in which the plaintiff sued after getting a bone caught in her throat while eating New England seafood chowder?
a. The plaintiff could recover based on an express warranty. b. The plaintiff could not recover, because she waited too long to sue and because she was not the immediate purchaser of the fish. b. The plaintiff could recover based upon the implied warranty of merchantability. c. The plaintiff could not recover, because she should have anticipated that fish bones might remain in New England seafood chowder. d. The plaintiff could recover based upon the implied warranty of fitness for a particular purpose.