An argument against convergence is that law of diminishing marginal returns does not hold for
a. labor.
b. physical capital.
c. natural resources.
d. technological improvements.
d. technological improvements.
Economics
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The figure above shows how the sales of the video game "Tomb Raider—Lara Retires" change when the advertising spent on the game changes
Is the relationship between advertising and the number of games sold positive, negative, or neither? Explain your answer.
Economics
Would a profit-maximizing firm sell at a price where demand is inelastic? Explain
Economics