Suppose That There Are Diminishing Returns to Capital

question 25

Multiple Choice

Suppose that there are diminishing returns to capital.Suppose also that two countries are the same except one has more capital per worker and so it has more real GDP per worker than the other.Finally,suppose that the saving rate in both countries increases from 4 percent to 7 percent.Over the next ten years we would expect that

• A)the growth rate will not change in either country.
• B)the country that started with less capital per worker will grow faster.
• C)the country that started with more capital per worker will grow faster.
• D)both countries will grow and at the same higher rate.

Describe video résumés and guidelines for creating compelling visual content.

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Definitions:

Resources

Assets or inputs needed for individuals or organizations to function effectively.

Mediation

A form of alternative dispute resolution where a neutral third party helps disputing parties find a mutually acceptable solution.

Formal Hearing

A structured legal proceeding where evidence and arguments are presented to determine an outcome in a dispute.

Mediator

A neutral third party who facilitates negotiations and conflict resolutions between disputing parties to reach a mutual agreement.