The learning-by-doing model:
A) exhibits increasing returns to scale.
B) generates permanent economic growth as long as population remains constant.
C) specifies output as a function of the size of the labor force.
D) specifies that the rate of learning increases as cumulative output increases.
E) All of the above.
Correct Answer:
Verified
Q26: Externalities:
A) are incidental by-products of some other
Q27: Evidence of learning-by-doing has been found in
Q28: In both the computer memory chip industry
Q29: A learning curve relates:
A) the costs of
Q30: When the learning-by-doing process is specified as
Q32: What comes first, basic scientific research or
Q33: Technological progress:
A) is similar no matter where
Q34: Paul Romer's definition of technology includes:
A) institutions.
B)
Q35: The Solow residual is estimated using the
Q36: The Solow residual is:
A) usually very small.
B)
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