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1.In the Harrod-Domar model of economic development, technological advancement is shown by: a)An increase in k b)An increase in s c)A decrease in s d)A
1.In the Harrod-Domar model of economic development, technological advancement is shown by:
a)An increase in k
b)An increase in s
c)A decrease in s
d)A decrease in k
2.The Lewis 2-sector model differs from the Harrod-Domar model in that it:
a)Excludes labour
b)Excludes capital
c)Includes capital
d)Includes labour
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