The Solow model predicts that the standard of living in poorer nations will converge on that of richer nations through rapid capital formation that raises output per person
The introduction of technological change to the model ________ change this prediction because technology ________ assumed to be freely available to all countries. A) does, is
B) does, is not
C) does not, is not
D) does not, is
D
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Dick has a dog (Spot) that likes to bark at night. Jane, who lives next door to Dick, must be at work every morning by six o'clock. Suppose that there is a noise ordinance that requires Dick to keep his dog quiet
Is there any Coase solution to this problem that does not involve calling the police? Explain.
It has been found that
a. less-developed countries have more equality of income distribution. b. more-developed countries have more equality of income distribution. c. only prior communist countries have more equality of income distribution. d. income distribution cannot be measured among countries with different political and economic systems.
Cap Space
What will be an ideal response?
The convergence criteria included that a country:
A) should maintain a deficit of 6% of GDP. B) can have a debt level equal to 80% of GDP. C) can have a debt level equal to 60% of GDP. D) should maintain a deficit lower than 1% of GDP.