In the Romer Model, the Production Function , Where

question 36

Multiple Choice

In the Romer model, the production function , where A_t is knowledge and L_yt is the amount of labor in the output sector, exhibits:

• A) constant returns to labor and increasing returns to labor and knowledge.
• B) constant returns to labor and increasing returns to knowledge.
• C) increasing returns to labor and constant returns to labor and knowledge.
• D) decreasing returns to labor and constant returns to labor and knowledge.
• E) increasing returns to labor and increasing returns to labor and knowledge.

---

Definitions:

Positions Of Authority

Refers to roles within an organization or society where individuals are granted the power to make decisions, enforce rules, and direct others.

Bases Of Power

The foundational sources of authority or influence one person or group holds over another, categorized into different types like coercive, reward, legitimate, expert, and referent power.

Manufacturing Company

A business entity focused on the production of goods using raw materials and machinery, often involving significant human labor and possibly automation.

Distance

The measurement of space between two points or the extent to which individuals are emotionally or culturally apart.