AK Growth Models Argue That Which Type or Types of Capital

question 71

Multiple Choice

AK growth models argue that which type or types of capital may not be subject to diminishing returns?

• A) only physical capital
• B) physical capital and human capital
• C) human capital and knowledge
• D) knowledge and physical capital

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Definitions:

Maintenance of Membership

Union security rules not requiring union membership but requiring that employees who join the union remain members for a certain period of time.

Right-to-Work Laws

Legislation that prohibits agreements between labor unions and employers that make union membership or payment of union dues a condition of employment.

Union Shops

Workplaces where employment is conditional upon the worker's membership in the union, typically after a set period has been completed.

National Labor Relations Act

A US law enacted in 1935 that protects the rights of employees and employers, encourages collective bargaining, and curtails certain private sector labor and management practices, which can harm the general welfare.