How Does an Endogenous Growth Model Differ from an Exogenous

question 79

Multiple Choice

How does an endogenous growth model differ from an exogenous model of economic growth?

• A) An exogenous model suggests that governments have a role in developing the economy while an endogenous model ignores the role of the government.
• B) An exogenous growth model assumes that technological development takes place outside
• C) An endogenous model suggests that rich and poor economies will converge over time while an exogenous model suggests that convergence will not occur.
• D) An exogenous model suggests that high capital per worker ratios are preferable while an

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Common Pleas

A term used to describe a general jurisdiction trial court in some U.S. states.

Subject Matter Jurisdiction

The authority of a court to hear and adjudicate cases of a particular type or cases relating to a specific subject matter.

Exclusive Federal

Pertains to areas of law and regulatory authority that are solely governed by the federal government, without state interference.

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The situation where federal laws or actions operate simultaneously with state laws or actions in the same area.