Assuming Constant Returns to Scale, If Two Countries Are Otherwise

question 95

True/False

Assuming constant returns to scale, if two countries are otherwise the same, the one that is poorer grows faster.

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Definitions:

Tincture

A solution where a solute is dissolved into alcohol, used primarily in medicine or herbalism.

Bid

An offer made by an individual or company to buy a good or service, or to perform a job at a specified price.

Tid

An abbreviation for "ter in die," which is Latin for "three times a day"; commonly used in medical prescriptions to indicate dosing frequency.

Prn

An abbreviation for the Latin phrase "pro re nata," meaning "as the situation demands," often used in medical prescriptions to indicate taking medicine as required.