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

question 31

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.

---

Definitions:

Training

The process of teaching or learning a particular skill or behavior through practice and instruction over a period.

Team Effectiveness

The degree to which a team achieves its objectives, fulfills the requirements of its members, and sustains its survival and functionality over time.

Common Information Effect

The Common Information Effect is a group dynamic phenomenon where members tend to focus and give more importance to information that everyone in the group knows, rather than unique data held by few.

Explicitly Told

Information or instructions that are conveyed in a direct, clear, and unambiguous manner, leaving no room for misinterpretation or inference.