User Account

All Pages

Accumulation of physical capital cannot

Assignment Help Business Economics
Reference no: EM132198915

The Solow Model concludes that the accumulation of physical capital cannot account for the vast growth over time in output per person. This is because:

a. Differences in real incomes are far too large to be accounted for by differences in capital inputs.

b. Other potential sources of income are endogenous (such as technological progress) and accordingly explain in the main the growth in output per person

c. The case of positive externalities explains only a small amount of growth in output per person over time.

d. Choices b), c) and d) are true; a) is untrue

Reference no: EM132198915

Questions Cloud

Sustainable course in the next 25 years : Propose ways that you think the federal government should set the budget on a sustainable course in the next 25 years?
Count the number of times each word occurs in the file : Write a function called count_words. This function is passed the name of a file, and should count the number of times each word occurs in the file.
Consistent with profit maximization : Do you agree, or can corporate social responsibility be consistent with profit maximization? Support your answer.
Examine which of two plans is more economically efficient : The city of X plans to build a new bridge across the river separating the two halves of the city for use by its residents.
Accumulation of physical capital cannot : The Solow Model concludes that the accumulation of physical capital cannot account for the vast growth over time in output per person.
Describe potential risks that business should be aware : Describe the potential risks that a business should be aware of when considering using these tools.
Example of product that receives by-product pricing : Which of the following is an example of micromarketing? Which is an example of a product that receives by-product pricing?
Write a function that accepts an integer valued array : Write a function arrayMinimum that accepts an integer valued array a along with its size arraySize as parameters and returns the smallest array element.
Results of the leadership trait questionnaire : Examine the results of the “Leadership Trait Questionnaire” you completed,

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd