0.025% 39. The key to escaping the \"iron logic\" of diminishing returns in the
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Question
0.025% 39. The key to escaping the "iron logic" of diminishing returns in the So O investment in physical capital education and training to build human capital. new ideas. 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 an increase in the number of scientists working on curing bone ca 41. In the Solow model with constant technological knowledge (A), if thee O economic growth will occur. economic decline will occur the economy will remain at its current output level. investment will cause the capital stock to increase. 42. What is meant by the "steady-state" level of capital? Remaining: 13:38:00 Start: 9:39 PMExplanation / Answer
39. Option c is correct.
According to new ideas concept the key to escaping the iron logic of diminishing returns in the solow model is the development of new technology in production.
40. Option a is correct.
An increase in the training of bone cancer researches is an example of increase in human capital.
Training is a means of increased investment in human capital.
41. Option D is correct.
In solow model if there is constant technological knowledge the changes in investment will lead to increase in capital stock.
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