In the textbook model of endogenous growth, the production function is modeled as

A) Y = AK.
B) Y = C + I + G + NX.
C) Y = X.
D) Y = S - I.


A

Economics

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The legal system is an example of:

A. human capital. B. social capital. C. entrepreneurial capital. D. physical capital.

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If, for a given disposable income level, the disposable income line lies below the consumption curve, saving:

A. equals consumption. B. equals disposable income. C. is less than zero. D. is greater than zero.

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The total of all past government borrowing, minus government budget surpluses, is called the

A. fiscal cost. B. national cost. C. net debt load. D. public debt.

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CO2 emissions are a

A. Problem for rich nations only. B. Global externality. C. Global private cost. D. Problem for poor nations only.

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