Multiple choice

Match the following;

 
1. Romer, Paul M.
(i) Learning by doing
2. Lucas. Robert E. Jr
(ii) Research and Development
3. Arrow, Kenneth J,
(iii) Human Capital
4. Solow, Robert M
(iv) Innovations
(v) Exogenous technical progress

  1. 1 - (ii), 2 - (iii), 3 - (i), 4 - (v)

  2. 1 - (iii), 2 - (iv), 3 - (ii), 4 - (i)

  3. 1 - (iv), 2 - (ii), 3 - (iii), 4 - (v)

  4. 1 - (i), 2 - (v), 3 - (iv), 4 - (ii)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Paul Romer is associated with endogenous growth through R&D (ii). Robert Lucas Jr. developed human capital theory (iii). Kenneth Arrow introduced 'learning by doing' (i). Robert Solow's model features exogenous technical progress (v). The correct matching is 1-(ii), 2-(iii), 3-(i), 4-(v), which is Option B.

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