According to Romer
A) capital drives economic growth. B) invention drives economic growth.
C) government drives economic growth. D) ideas drive economic growth.
D
Economics
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Economic efficiency occurs when the firm produces a given output
A) by using the least amount of inputs. B) by using the maximum amount of inputs. C) at the least cost. D) at the greatest cost.
Economics
The major drawback of a binding price ceiling is: a. it causes a surplus
b. government regulations of this kind are difficult to enforce c. it causes a shortage. d. none of the above; there is no drawback.
Economics