Which of the Following Is Ignored by Exogenous Models of Economic

question 21

Multiple Choice

Which of the following is ignored by exogenous models of economic growth?

• A) The incentives and institutions that can foster and promote technological development.
• B) The fact that growth is determined by technological development.
• C) The effect of an increase in labour on the capital per worker ratio.
• D) The fact that economic output is needed to renew existing capital.

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Definitions:

Fractures Heal

The natural process of bone repair after a break or crack, typically involving the formation of a blood clot followed by the growth of new bone tissue.

Osteoclast Activity

The process involving osteoclast cells breaking down bone tissue, releasing calcium and phosphate into the blood.

Epiphyseal Plate

Also known as the growth plate, it is a hyaline cartilage plate in the metaphysis at each end of a long bone, where bone growth occurs in children and adolescents.

Medullary Cavity

The central cavity of bone shafts where red bone marrow and/or yellow bone marrow (fat) is stored.