The Per-Worker Production Function in the Solow Model Assumes

question 86

Multiple Choice

The per-worker production function in the Solow model assumes

• A)constant returns to scale and increasing marginal productivity of capital.
• B)constant returns to scale and diminishing marginal productivity of capital.
• C)increasing returns to scale and diminishing marginal productivity of capital.
• D)decreasing returns to scale and diminishing marginal productivity of capital.

---

Definitions:

Visual-Spatial Skill

Visual-spatial skill involves the ability to understand and manipulate objects and their spatial relationships, important in tasks like navigating environments and solving puzzles.

Creative Intelligence

The cognitive ability to produce new ideas, come up with innovative solutions, and think outside the box.

Overly Simplistic

Overly simplistic refers to an explanation, model, or approach that fails to consider the complexity or nuances of the subject matter, leading to a superficial understanding.

Thurstone

Louis L. Thurstone is known for his contributions to psychology, notably in the development of psychometrics and the theory of multiple intelligences.