In the Romer Model, the Inputs to Production Are

question 39

Multiple Choice

In the Romer model, the inputs to production are:

• A) capital and labor.
• B) capital and ideas.
• C) labor and ideas.
• D) natural resources, labor, and ideas.
• E) labor and total factor productivity.

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Definitions:

Charter Issued

The granting of legal authorization or a set of rights and privileges from a government or authority to create and operate an organization.

Incorporator

An individual or entity that establishes and files the legal documentation required to form and register a corporation.

Articles of Incorporation

A document filed with a state government to legally document the creation of a corporation.

Corporation

A legal entity that is separate and distinct from its owners, which can enter into contracts, own assets, sue and be sued.