According to Romer
A) capital drives economic growth. B) invention drives economic growth.
C) government drives economic growth. D) ideas drive economic growth.
D
You might also like to view...
Will people, on average, tend to eat more grapefruit in Florida or in Illinois? In which state will the people, on average, tend to eat better quality grapefruit? Explain, using the concept of relative price.
What will be an ideal response?
Refer to Table 20-15. Looking at the table above, real average hourly earnings in 2014 were
A) $9. B) $9.52. C) $10. D) $12.63.
If the market price in a competitive market is below the minimum of average variable cost, the firm will shut down
Indicate whether the statement is true or false
Which combination of circumstances will most likely raise the rate of interest for a loan the most?
A) low handling charges and low risk B) low handling charges and a long length of time for repayment C) high risk and low handling charges D) high risk and a long length of time for repayment