One of the shortcomings of the Solow model is that it
A) treats technological change as freely available to all countries.
B) does not treat technological change as freely available to all countries.
C) treats technological change as an endogenous variable.
D) treats technological change as the only source of economic growth.
A
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We can derive the market demand curve for gold earrings
A) only if the tastes of all gold earring consumers are similar. B) by adding horizontally the individual demand curves of each gold earring consumer. C) by adding vertically the quantity demanded of each gold earring consumed at each price. D) by adding the prices each gold earring consumer is willing to pay for each quantity.
The variability of business profits:
A. Helps explain the instability of investments over time B. Does not affect investment spending, which depends on expected profits not current profits C. Explains why the durability of capital goods is variable D. Causes the variations in consumption spending over time