Which of the following policies are designed specifically to…
Which of the following policies are designed specifically to directly promote technological change in an economy? The options below describe various government initiatives. Which of these are intended to directly contribute to technological advancement in an economy?
Read DetailsIn the country of Sealand, we estimate that changing the amo…
In the country of Sealand, we estimate that changing the amount of capital from $15 million to $16 million will increase real GDP from $3.5 million to $4.5 million. How would you expect real GDP to change if capital increase from $16 million to $17 million, if there was not change in technology or the number of hours worked?
Read Details