According to Romer and other new growth theorists, what could poor countries do to stimulate greater economic growth?
What will be an ideal response?
According to new growth theory, poor countries can stimulate greater economic growth by investing more in human capital as well as physical capital, by moving toward freer trade, and by encouraging innovation.
Economics
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In the long run, a perfectly competitive firm earn _______ economic profits
a. positive. b. negative. c. zero. d. positive or negative.
Economics
Exhibit 8-12 Marginal revenue and cost per unit curves
As shown in Exhibit 8-12, the price that will yield zero economic profit is:
A. OA. B. OB. C. OC. D. OD.
Economics