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hungry22 hungry22
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A year ago
Why is physical capital accumulation alone unlikely to result in sustained growth?

▸ Because of the diminishing marginal product of labor

▸ Because of the eventual need to replace existing physical capital

▸ Because high levels of physical capital will tempt other countries to steal that capital

▸ Because of the diminishing marginal product of physical capital
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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cheezeh3adcheezeh3ad
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A year ago
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hungry22 Author
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A year ago
this is exactly what I needed
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Thank you, thank you, thank you!
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This site is awesome
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