Growth in human capital and physical capital often explains only half or less than half of the economic growth that occurs.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. Growth in human capital and physical capital often explains only half or less than half of the economic growth that occurs.
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In the Fixed Effects regression model, you should exclude one of the binary variables for the entities when an intercept is present in the equation
A) because one of the entities is always excluded. B) because there are already too many coefficients to estimate. C) to allow for some changes between entities to take place. D) to avoid perfect multicollinearity.
A negative growth rate will cause: a. an inward shift of an economy's production possibilities curve
b. an outward shift of an economy's production possibilities curve. c. a movement from a point inside an economy's production possibilities curve to a point on the curve. d. an economy's production possibilities curve to slope upward.