Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 14, 2024

The endogenous growth model from Chapter 8 makes the assumption that education is non-rival . That means that There are externalities associated with an individual's

The endogenous growth model from Chapter 8 makes the assumption that education isnon-rival. That means that

There are externalities associated with an individual's education decision

Knowledge is not in limited supply

There is more than one way to produce the same good

The market for education is not competitive.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Dean S. Karlan, Jonathan J. Morduch

2nd edition

1259813337, 1259813339, 978-1259813337

More Books

Students also viewed these Economics questions

Question

★★★★★

Wayman Corporation reports the following amounts in its December 31, 2015, income statement. Required: Prepare a multiple-step incomestatement. Sales revenue Interest expense Salaries expense...

Answered: 1 week ago

Question

★★★★★

=+b. Determine the amount offactory overhead applied to production for October.

Answered: 1 week ago

Question

★★★★★

6.22 Braking Distances For a car travelling 50 kilometres per hour (km/h), the distance required to brake to a stop is normally distributed with a mean of 15 metres (m) and a standard deviation of...

Answered: 1 week ago

Question

★★★★★

Document for Analysis: Information Request Your Task. Analyze the following poorly written letter, and list its weaknesses. If your instructor directs, revise it using the suggestions you learned in...

Answered: 1 week ago

Question

★★★★★

Assuming that no new n - tuples are added, find all the pri - mary keys for the relations displayed in a ) Table 3 . b ) Table 5 . c ) Table 6 . d ) Table 8 .

Answered: 1 week ago

Question

★★★★★

S1: Internal control is designed and implemented to address all business risks that threaten the achievement of the objectives of internal control. S2: One of the inherent limitations of internal...

Answered: 1 week ago

Question

★★★★★

Determine the number of arrangements of the letters of the word FLIBBERTIGIBBET such that there is exactly one vowel (and any number of consonants) between the first and second B, exactly one vowel...

Answered: 1 week ago

Question

★★★★★

Amina discovers it's very unlikely that an Angel Investor will notice a business from afar and reach out themselves. Finding this kind of investor is all about being proactive. But what is the best...

Answered: 1 week ago

Question

★★★★★

Define the following term: Plaintext Cryptogram Workfactor Digest Cryptanalysis Cryptovariable Collision Kerkhoff s Principle Digital signature Hybrid encryption

Answered: 1 week ago

Question

★★★★★

After working for a large public accounting firm for 8 years, Juan, Frieda and Wangshu decided to forge out on their own and formed JFW Associates, starting their business on September 1 , 2 0 2 3 ....

Answered: 1 week ago

Question

★★★★★

A spacecraft in deep space is isolated from its surroundings and is initially moving with the velocity v shown in the diagram above. It has thrusters on a swivel that fire such that the spacecraft...

Answered: 1 week ago

Question

★★★★★

Name: ID: A 23. Use the following graphs to answer the questions. Wage Wage rate rate Q (Labor) (A)" (B) Q (Labor) Wage | Wage rate rate Q ( Labor ) Q (Labor) (C) (D) The formation of an exclusive or...

Answered: 1 week ago

Question

★★★★★

1. Given your basic mental state, i.e. the state you often return to. Give this state a name that you recognize and that is easy to remember, such as irritability, frustration, joy, etc. Also give...

Answered: 1 week ago

Question

★★★★★

5. The next time a negative event occurs, or a negative memory occurs, think about how you need to perform to make this a success story.

Answered: 1 week ago

Question

★★★★★

1. To understand the impression you want the other or the others to have of yourself.

Answered: 1 week ago

Previous Question Next Question