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Consider two similar countries - similar populations, natural resources, etc. But for whatever reason, one country is poorer than the other. Assuming the traditional assumption
Consider two similar countries - similar populations, natural resources, etc. But for whatever reason, one country is poorer than the other. Assuming the traditional assumption about the production function is true, there are Question 16 options: diminishing returns to capital so the poor country grows slower. increasing returns to capital so the poor country grows slower. diminishing returns to capital so the poor country grows faster. increasing returns to capital so the poor country grows faster
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