In New Theories of "Endogenous Growth", Increasing Marginal Returns to Investment

question 67

Multiple Choice

In new theories of "endogenous growth", increasing marginal returns to investment can occur because

• A)early investors create an infrastructure favorable to followers.
• B)many investments require large fixed costs, the benefits of which are not available to subsequent firms.
• C)little risk is associated with the process of innovation for technological followers
• D)investment costs for followers can be higher than for pioneers.
• E)knowledge provides the input that allows investment to be profitable.

Understand the concept of randomization in experimental design.

Understand the purpose and application of one-way ANOVA in testing whether the means of several groups are equal.

Calculate and interpret the F-test statistic and the corresponding p-value in one-way ANOVA.

Identify the conditions under which one-way ANOVA is appropriate to use.

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Definitions:

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A large public building designed for the performance of concerts, typically equipped with a stage for performers and seating for an audience.

Box Office

The office where tickets to events are sold, often used to refer to the financial success of movies or shows.

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A card issued to a member of an organization, club, or group, which often grants specific benefits or access.

Gym Access

The availability or permission to use fitness facilities and equipment.