orange cost college × , Midterm 1 xA Micdterm ? ? www.rmacmillanhighered.com/lau
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orange cost college × , Midterm 1 xA Micdterm ? ? www.rmacmillanhighered.com/launchpad/co entabarrokmacro3e8159357 Home" launchpad iten MODU ??-EnglishCentral Terwe Buster trom DETS Criterion writin×LearningBrookasutan e il?-FWER?WI Done Midterm 1 foreign investment. 40. Which is an example of an increase in human capital? an increase in the training of bone cancer researchers building new bone cancer research centers the discovery of a cure for bone cancer O O an increase in the number of scientists working on curing bone cancer 41. In the Solow model with constant technological knowledge (A), if the economy is initially above its steady-state capital stock economic growth will occur economic decline will occur. the economy will remain at its current output level 0 investment will cause the capital stock to increase. 42. What is meant by the "steady-state" level of capital? O All of a nation's capital is being reinvested back into the economy o Positive net capital investment continues to drive growth at a steady rate * There is no new net investment or any growth Investment exceeds depreciation 43. With additional education, the marginal product of human capital Rermaining: 13:21:00 Start: 9:39 PMExplanation / Answer
Ans40) an increase in the training of bone cancer researchers is the correct option. Human capital describes the knowledge of employees, skill sets and motivation that gives economic value to a firm.
Ans41) economic decline will occur is the correct option. When capital is higher than steady state, depreciation will be greater than the investment. Therefore change in capital will be negative.
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