In the Endogenous Growth Model Presented in the Text,an Increase

question 41

Multiple Choice

In the endogenous growth model presented in the text,an increase in the efficiency of human capital accumulation

• A) increases the growth rate of human capital and increases the growth rate of output.
• B) increases the growth rate of human capital and decreases the growth rate of output.
• C) decreases the growth rate of human capital and increases the growth rate of output.
• D) decreases the growth rate of human capital and decreases the growth rate of output.
• E) decreases the growth rate of human capital and reduces total factor productivity.

---

Definitions:

Foraker Act

Legislation passed in 1900 that established civil government in Puerto Rico, which had been newly acquired by the United States after the Spanish-American War.

Homestead Strike

A major industrial strike in 1892 at the Homestead Steel Works in Pennsylvania, representing a pivotal battle over labor rights in the U.S.

Public Opinion

The aggregate of individual attitudes or beliefs held by the adult population concerning particular issues or events, often measured through surveys and polls.

Largest Corporations

The biggest companies in the world in terms of revenue, market capitalization, or number of employees, often multinational and operating in multiple sectors.