In the Endogenous Growth Models of Lucas and Romer, Workers

question 28

Multiple Choice

In the endogenous growth models of Lucas and Romer, workers divide their time between market work and

• A)trying to invent new production processes.
• B)leisure.
• C)accumulating physical capital.
• D)accumulating human capital.
• E)work at home.

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Definitions:

Exemplars

Specific instances or examples within a category that are used in cognitive psychology to theorize how people categorize items and ideas.

Prototype View

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An abstract representation of an idealized member of a class of objects or events.

Exemplar

A specific instance, example, or case that is representative of a concept, category, or phenomenon.