In the Romer Model, with Decreasing Returns to the Knowledge

question 113

Multiple Choice

In the Romer model, with decreasing returns to the knowledge sector:

• A) the number of researchers is irrelevant to long-term per capita income.
• B) more researchers produce more ideas, raising the long-run growth rate of per capita income.
• C) more researchers produce fewer ideas, raising the long-run growth rate of per capita income.
• D) more researchers produce more ideas, raising the long-run level of per capita income.
• E) more researchers cause the knowledge stock to contract.

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Definitions:

Failed Change Efforts

Attempts at organizational or societal change that do not achieve their intended outcomes.

Cynical

An attitude of skepticism or distrust towards people's motives or integrity, often believing that human actions are motivated purely by self-interest.

Popular Management Programs

Widely recognized and implemented courses or software designed to improve management skills and business operations.

Major Change

Significant alterations in the strategy, structure, or operations of an organization that affect its whole or substantial parts.