Two countries are the same, except one is poorer. Assuming the traditional assumption about the production function is made there are
a. diminishing returns to capital so the poor country grows slower.
b. increasing returns to capital so the poor country grows slower.
c. diminishing returns to capital so the poor country grows faster.
d. increasing returns to capital so the poor country grows faster.
c
Economics
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The Federal Reserve System is made up of twelve regional banks owned by
A) commercial banks in the respective districts that have chosen to be members of the Fed. B) Wall Street investors. C) the Board of Governors appointed by the President. D) the U.S. Treasury.
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