Less-developed countries that nonetheless have access to the latest technologies must be suffering from a relative shortage of ________ according to the Solow growth model, implying a very ________ rate of return available on additions to capital in

those countries. A) capital, low
B) capital, high
C) labor, low
D) labor, high

B

Economics

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Explain the process by which a private subsidy corrects an external benefit

What will be an ideal response?

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For most consumers, blu-ray players and blu-ray discs are likely to be:

A) substitute goods. B) complementary goods. C) inferior goods. D) independent goods.

Economics