Figure 6.2: Romer Model: Per Capita Output

question 96

Multiple Choice

Figure 6.2: Romer Model: Per Capita Output
-In the ideas sector production function, , there are:

• A) increasing returns to the ideas stock but decreasing returns overall.
• B) decreasing returns to the ideas stock but increasing returns overall.
• C) decreasing returns to the ideas stock and labor.
• D) increasing returns to the ideas stock and labor.
• E) None of these answers is correct.

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Definitions:

Stimulus

An external factor or event that provokes a specific functional reaction in an organ or tissue.

Renewed Interest

A revived or rekindled focus and curiosity in a particular subject, activity, or issue that perhaps had been previously set aside or overlooked.

Visual Stimulus

Any object or event in the environment that draws visual attention or elicits a visual response.

Memory

The cognitive process of retaining and recalling information or experiences.