In the Two-Sector Endogenous Growth Model, the Steady-State Stock of Physical

question 16

Multiple Choice

In the two-sector endogenous growth model, the steady-state stock of physical capital is determined by _____, and the growth in the stock of knowledge is determined by _____.

• A)the fraction of labour in universities; the saving rate
• B)the efficiency of labour; the saving rate
• C)the production function; the efficiency of labour
• D)the saving rate; the fraction of labour in universities

---

Definitions:

American Belief

The set of values and principles that are generally held by the American people, including liberty, democracy, and equality.

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Democratic Character

The qualities, features, or aspects that constitute a democratic society, including openness, equality, and participation in governmental decision-making.

Language of Rights

The specific terminology and discourse used to describe and advocate for legal, moral, or human rights within various social and legal contexts.