Which of the following features helps explain why sustained improvements in living standards are possible in...
Which of the following features helps explain why sustained improvements in living standards are possible in the Solow but not the Malthus model?
Select one:
a. Productivity can increase in the Solow model.
b. Population can increase in the Solow model.
c. The Solow model allows for diminishing marginal product of inputs.
d. The Solow model allows for accumulation of inputs through investment.
Homework Answers
"A"
Productivity can increase in the Solow's model and not in the Malthus model that is why there cannot be a sustained increases in the living standard in Malthus Model.
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