In the endogenous growth model, workers divide their time between market work and
A) accumulating physical capital.
B) accumulating human capital.
C) trying to invent new production processes.
D) work at home.
B
You might also like to view...
The stock market crashed in the year __________.
Fill in the blank(s) with the appropriate word(s).
Network effects result from
A) entry barriers. B) economies of scale. C) standardization. D) none of these choices.
If $1 was equivalent to 120 Japanese yen in 2008 and 125 Japanese yen in 2010, it implies in 2010, there was:
a. a depreciation of the dollar against the yen. b. a depreciation of the yen against the dollar. c. an appreciation of the yen against the dollar. d. no change in the value of yen, but the dollar had weakened. e. no change in the value of dollar, but the yen had strengthened.
Which of the following would be most likely to encourage households to save a greater proportion of their income?
a. a reduction in the sales tax rate b. an increase in the capital gains tax rate c. an elimination of tariffs (taxes on imported goods) d. changing to a flat income tax (with a single tax rate charged on all income) e. changing from an income tax to a consumption tax