The new endogenous growth theory concludes that sustained economic growth in a country comes from the interaction of labor, investments in physical and human capital, and what is perhaps the key ingredient:
A) natural resources.
B) the production of ideas.
C) post-secondary education within that country.
D) immigration into that country.
B
Economics
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The specificfactors model assumes that in each industry (such as manufacturing and agriculture) there are factors of production that are:
a. less productive. b. outsourced to other nations. c. fixed or immobile. d. very scarce and therefore have a high supply price.
Economics
Net foreign investment minus net foreign portfolio investment is equal to
A) the balance of trade. B) net foreign financial investment. C) net foreign direct investment. D) capital outflows.
Economics