Question
If there are diminishing returns to capital, then A.capital produces fewer goods as it ages. B.old ideas are not as useful as new ones. C.increases
If there are diminishing returns to capital, then
A.capital produces fewer goods as it ages.
B.old ideas are not as useful as new ones.
C.increases in the capital stock eventually decrease output.
D.increases in the capital stock increase output by ever smaller amounts.
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Development Economics
Authors: Debraj Ray
1st Edition
0691017069, 9780691017068
