According to new growth theory A physical capital is nonexcludable B knowledge

According to new growth theory a physical capital is

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50) According to new growth theory,A) physical capital is nonexcludable.B) knowledge capital is excludable.C) knowledge capital is rival and excludable.D) knowledge capital is subject to increasing returns.Answer: D50)Diff: 2Page Ref: 722/316Topic: New Growth TheoryLearning Outcome: Macro 17: Discuss the fundamentals of key macroeconomics theoriesAACSB: Reflective Thinking12
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51) Knowledge capital is51)Diff: 1Page Ref: 722/316Topic: New Growth TheoryLearning Outcome: Macro 4: Explain the sources of productivity growthAACSB: Reflective Thinking52) Knowledge capital is nonrival in the sense that52)Diff: 2Page Ref: 722/316Topic: New Growth TheoryLearning Outcome: Macro 4: Explain the sources of productivity growthAACSB: Reflective Thinking53) Firms free ride on the research and development of other firms when they53)Diff: 2Page Ref: 722/316Topic: New Growth TheoryLearning Outcome: Macro 4: Explain the sources of productivity growthAACSB: Reflective Thinking
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