In Solow's exogenous growth model, the principal obstacle to continuous growth in output per capita is due to
A) the declining marginal product of labor.
B) the declining marginal product of capital.
C) limits in the ability of government policymakers.
D) too little savings.
B
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Most employees ________ pay taxes on the value of health insurance provided by employers, and most people ________ get a tax break when buying individual health insurance policies
A) do; do B) do not; do not C) do not; do D) do; do not
Which of the following best explains why a monopolist's marginal revenue is less than the sale price? a. To sell more units, a monopolist must increase the price on all units sold
b. As a monopolist expands output, its average total cost declines. c. When a firm has a monopoly, consumers have no choice other than to pay the price set by the monopolist. d. When a monopolist reduces price in order to sell more units, it must lower the price of some units that could otherwise have been sold at a higher price.