What three factors distinguish models of endogenous growth from their neoclassical counterparts?
What will be an ideal response?
There are increasing returns to capital investment (as opposed to decreasing), there are increasing returns to scale (as opposed to constant), and externality effects are included.
Economics
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Managers can increase firm profits by:
A) increasing revenue only. B) decreasing costs only. C) increasing revenue and decreasing costs. D) none of the above.
Economics
If a country has net exports of $8 billion and sold $40 billion of goods and services abroad, then it has
a. $48 billion of imports and $40 billion of exports. b. $48 billion of exports and $40 billion of imports. c. $40 billion of imports and $32 billion of exports. d. $40 billion of exports and $32 billion of imports.
Economics