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Homework answers / question archive / 1)Which of the following is a limitation of the Solow model? Select one: a
1)Which of the following is a limitation of the Solow model? Select one: a. Assumes diminishing returns. b. Treats technological change as given. c. Does not take into account labour force growth. d. Ignores substitutability of capital for labour.
2)A government subsidy to the poorest of the poor will leave which of the following unchanged: Select one: a. poverty gap b. Gini concentration ratio O C. poverty headcount index O d. none of the above
3)China's decline in population over the past generation can be attributed to Select one: a. government population policies. b. increased urbanization. O C. rapid economic growth. d. all of the above.
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2)
A government subsidy to the poorest of the poor will leave which of the following un changed
d.none of the above.
3)
Solution: All of the above
Explanation: The government policies such as one-child policy lead to a reduction in population. Moreover due to the urbanisation and ageing in the fertility rates have declined in China
