Question
True / False / Uncertain, 1 point is given for the correct answer, 4 points for your explanation. James Feyrer found that rich and poor
True / False / Uncertain, 1 point is given for the
correct answer, 4 points for your explanation.
James Feyrer found that rich and poor countries have similar aggregate marginal products of
capital. The Solow model cannot explain this but capital misallocation across firms within a
country can.
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann
1st Edition
0324359810, 9780324359817
