A. Similar and sustained growth for all countries B. Increasing inequality among countries C. Increasing specialization and labor productivity D. Migration of peasants to urban environments
A. Invest in education, which will likely decrease human capital
B. Promote the immediate free use of all new innovations
C. Invest in education, which will likely increase human capital
D. Provide disincentives for invention
A. Investment in physical capital has proven to be more important than investment in human capital
B. Physical capital, human capital and technology typically work together to promote economic growth
C. Growth in human capital and physical capital often explains only half or less than half of the economic growth that occurs
D. A big portion of economic growth is left unexplained by physical and human capital, meaning that technology plays a major role in that process
A. High-income economies and low-income economies will never invest the same amount in physical and human capital
B. If high-income economies and low-income economies invest the same amount in physical and human capital, both economies will grow at the same rate
C. If high-income economies and low-income economies invest the same amount in physical and human capital, the former will grow less than the later because the returns for those investments will be smaller
D. If high-income economies and low-income economies invest the same amount in physical and human capital, the former will grow faster than the later because they already have larger stocks of capital
A. Improvements in technology are always accompanied by increasing labor productivity and capital deepening
B. Improvements in technology can be a way of avoiding decreasing marginal returns in output per capita
C. It is impossible to increase labor productivity without capital deepening D. When there’s no technological advancement, labor productivity remains constant
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