Suppose Two Countries Are Identical in Every Way with the Following

question 41

Multiple Choice

Suppose two countries are identical in every way with the following exception. Economy A has a greater quantity of human capital than economy B. Given this information, we know with certainty that:

• A) steady state output per worker in A is higher than in B.
• B) steady state growth of output per worker is higher in A than in B.
• C) steady state consumption in A and B are the same.
• D) steady state output per worker in A is lower than in B.
• E) steady state growth of output per worker is higher in B than in A.

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Definitions:

Racketeer Influenced and Corrupt Organizations Act

A federal law, commonly known as RICO, aimed at combating organized crime by allowing for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization.

Treble Damages

A form of punitive damages awarded in litigation, where the amount of actual damages is tripled as a punishment to the defendant and deterrent to others.

Computer Crime

Computer Crime refers to criminal activities carried out using computers or the internet, including hacking, phishing, and distributing malware.

Statutory Prerequisites

Legal requirements that must be met before certain actions can be taken or certain rights can be exercised.