Suppose that a more efficient way to produce a good is discovered, thus lowering production costs for the good. This will cause a(n):

The positive effect of having more potential volunteers resulting in a greater likelihood of a beneficial outcome is known as the

A) diffusion effect. B) externalizing effect. C) group dynamic effect. D) size effect.

In the Solow model, if k = 8, y = 20, and s = 0.2, what is c?

A) 24 B) 20 C) 16 D) 12