With Respect to Long- Run Economic Growth, One Rationale for the Idea

question 3

Multiple Choice

With respect to long- run economic growth, one rationale for the idea that there may be increasing marginal returns to investment is that

• A)as further investment takes place the economy moves down to the right along the marginal product schedule.
• B)as further investment takes place the economy moves upward to the left along the marginal product schedule.
• C)initial investment shifts the the investment demand schedule to the left, making further investment less costly.
• D)the investment costs to "followers" are lower than those for "pioneers".
• E)initial investment shifts the the aggregate demand schedule to the left, making further investment less costly.

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A medical device designed to be inserted internally, either temporarily or permanently, to support or replace an organ function.