Author Question: In endogenous growth models, it is assumed that a. there are external economies from public or ... (Read 17 times)

futuristic · **on:** Jun 30, 2018

In endogenous growth models, it is assumed that

a. there are external economies from public or private investments.
b. there are diminishing marginal returns to capital.
c. growth is explained by forces outside the model.
d. the capital-labor ratio is constant.

Question 2

The bargaining power of Transnational Corporations is likely to be greatest when they are looking for

a. specific natural resource
b. low-wage labor
c. marketing centers
d. licensing agreements