Robert Solow+IBk-s Growth Model assumes: a. Countries used their resources efficiently b. There are diminishing returns
Posted: Fri Jul 01, 2022 8:12 am
Robert Solow+IBk-s Growth Model assumes: a. Countries used theirresources efficiently b. There are diminishing returns to capitaland labour c. Increasing capital relative to labour encouragesgrowth d. Poor persons with less capital per person will growfaster e. All of the above are assumptions of the Solow GrowthModel