In the Romer Model,the Production Function

question 90

Multiple Choice

In the Romer model,the production function
,where
Is knowledge and
Is the amount of labor in the output sector,

• A)exhibits constant returns to labor and increasing returns to labor and knowledge.
• B)exhibits constant returns to labor and increasing returns to knowledge.
• C)exhibits increasing returns to labor and constant returns to labor and knowledge.
• D)exhibits decreasing returns to labor and constant returns to labor and knowledge.
• E)exhibits increasing returns to labor and increasing returns to labor and knowledge.

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Definitions:

Seeds

Embryonic plants enclosed in a protective outer covering, capable of developing into a new plant under appropriate conditions.

Prothallus

A gametophyte stage, particularly in ferns and lycophytes, that is free-living, photosynthetic, and produces the sexual organs where gametes are formed.

Moss Spore

The reproductive unit of mosses, capable of developing into a new individual without sexual fusion, important for moss propagation.

Microphylls

Small, simple leaves with a single unbranched vein, found in some of the earliest vascular plants.