In the neoclassical growth theory
A) small differences in the saving rate or population growth cause large variations in per capita income.
B) large differences in the saving rate or population growth rate cause small variations in per capita income.
C) large differences in the saving rate or small differences in population growth cause large variations in per capita income.
D) small differences in the saving rate or large differences in population growth cause large variations in per capita income.
B
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A fear in investing in China
A) is based in fears of its declining population. B) relates to the value of property rights. C) can be overcome by not have Chinese operations. D) none of these choices.
Which of the following statements accurately explains the superstar phenomenon in wages?
a. Better carpenters earn more than average carpenters because people are willing to pay higher prices for higher-quality work. b. The more productive an author is, the more books she can write each year, so the more she earns. c. Talented movie stars earn more than equally talented mechanics because technology allows the delivery of the services provided by the movie stars to all interested customers. d. Athletes get paid for performing services that everyday people perform as hobbies.