The Solow growth model tells us that the standard living in country A can be higher than in country B for all the following reasons, except
A) country A has lower population growth than country B.
B) country A has a higher savings rate than country B.
C) country A has a higher depreciation rate than country B.
D) country A has higher total factor productivity than country B.
C
You might also like to view...
Investment is a(n) ________ that changes the ________ of capital.
A. stock; flow B. liability; asset C. asset; liability D. flow; stock
Comment on the following statement: "Since product differentiation allows price competitors to establish some market power, it would be more efficient to not permit product differentiation."
What will be an ideal response?
If the fixed costs for a firm rise what will be the impact on the marginal cost, average variable cost and average total cost curves? Explain
What will be an ideal response?
The uncertainty about the return an asset will earn is
A) liquidity. B) risk. C) time to maturity. D) stochastic dominance.