In endogenous growth models, it is assumed that
a. there are external economies from public or private investments.
b. there are diminishing marginal returns to capital.
c. growth is explained by forces outside the model.
d. the capital-labor ratio is constant.
A
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Who among the following enjoys some form of property rights?
A) A common homebody B) A small business owner C) A bondholder D) A state senator E) All of the above.
Refer to Table 2-12. Honduras has a comparative advantage in the production of
A) sailboats. B) canoes. C) both products. D) neither product.
Each resource described in the table is an element of human capital, physical capital, or natural resources. In the following table, choose the correct type of resource illustrated by each example. Human capital Physical capital Natural resources A musical instrument used by a professional band The ability to multitask, which is enhanced through college and internships A body of water used to transport goods from one island to another
What will be an ideal response?
The federal government began officially measuring poverty in the
A) 1860s. B) 1900s. C) 1980s. D) 1960s.