According to new growth theory
A) physical capital is nonexcludable.
B) knowledge capital is subject to increasing returns.
C) knowledge capital is rival and excludable.
D) knowledge capital is excludable.
B
Economics
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Naturally occurring diamonds are an example of
A) land. B) labor. C) physical capital. D) human capital.
Economics
If frictional unemployment increased, but structural unemployment decreased by more, the natural rate of unemployment:
a. Would increase b. Would not change c. Would decrease d. Would be affected in an unpredictable manner
Economics