6. Determinants of growth Aa Aa The economies of Technetium and Polonium are ide

Question

6. Determinants of growth Aa Aa The economies of Technetium and Polonium are identical except that Technetium has greater quantities of physical and human capital while Polonium uses its smaller quantities of physical and human capital more efficiently. Which country would you prefer to live in, assuming that you care about living in the country with the highest long-term growth? O You prefer Polonium because productive efficiency is always more important for growth than capital. O You prefer Technetium because capital is always more important for growth than productive efficiency. O You are unsure which country is preferable because it is unclear which factor is more important to growth

Explanation / Answer

Answer : 6) The correct option is C.

Because the given statements provides only the informations about usation of factors in both economies : Technetium and Polonium. Here both countries uses the same factors : physical productivity and human capital for economic growth. But here it is not clearly mentioned about which factor usation is very important for a country's economic growth. Hence here it is not possible to decide which country has highest long-term economic growth. For this reason here I am unable to prefer a particular country for living as I like a country for living who has highest long-term economic growth.

Related Questions

Navigate

• Browse (All)
• Browse 6
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.