In the Romer Model

question 28

Multiple Choice

In the Romer model.as more labor is devoted to research and development ________.

• A)there is an immediate decrease in output per capita
• B)there is an immediate increase in output per capita
• C)output per capita is unaffected,but the savings rate begins to rise
• D)output per capita is unaffected,but the savings rate begins to fall

---

Definitions:

Legal Goals

Objectives that laws and legal systems aim to achieve, such as justice, protection of rights, and maintenance of social order.

Positive Impact

The beneficial effect or outcome that positively affects a community, environment, or individual.

RMBCA

The Revised Model Business Corporation Act is a set of model laws prepared by the American Bar Association that provides a guideline for the governance of corporate affairs.

Bylaws Amended

The act of making changes or revisions to the bylaws, which are the rules and regulations governing an organization, typically requiring approval by a governing body or membership.