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Endogenous Growth Theory

This quiz will test your understanding of the concepts and theories related to Endogenous Growth Theory.

13 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Which of the following is NOT a key assumption of the Solow-Swan model?

  1. Constant returns to scale
  2. Perfect competition
  3. Exogenous technological progress
  4. Diminishing returns to capital
Question 2 Multiple Choice (Single Answer)

According to endogenous growth theory, what is the main determinant of long-run economic growth?

  1. Physical capital accumulation
  2. Human capital accumulation
  3. Technological progress
  4. All of the above
Question 3 Multiple Choice (Single Answer)

Which of the following is NOT a type of knowledge spillover?

  1. Horizontal spillovers
  2. Vertical spillovers
  3. Geographical spillovers
  4. Temporal spillovers
Question 4 Multiple Choice (Single Answer)

The Romer model of endogenous growth is based on the assumption that:

  1. Firms can perfectly appropriate the returns to their research and development investments.
  2. There are increasing returns to scale in research and development.
  3. Technological progress is exogenous.
  4. None of the above.
Question 5 Multiple Choice (Single Answer)

Which of the following is NOT a policy that can be used to promote endogenous growth?

  1. Investing in education and training
  2. Providing subsidies for research and development
  3. Protecting intellectual property rights
  4. Increasing the minimum wage
Question 6 Multiple Choice (Single Answer)

The Lucas model of endogenous growth is based on the assumption that:

  1. Human capital is the only factor of production.
  2. There are constant returns to scale in production.
  3. Technological progress is exogenous.
  4. None of the above.
Question 7 Multiple Choice (Single Answer)

Which of the following is NOT a type of externality that can arise from research and development?

  1. Positive externalities
  2. Negative externalities
  3. Pecuniary externalities
  4. Technological externalities
Question 8 Multiple Choice (Single Answer)

The Aghion and Howitt model of endogenous growth is based on the assumption that:

  1. Firms can perfectly appropriate the returns to their research and development investments.
  2. There are increasing returns to scale in research and development.
  3. Technological progress is driven by the accumulation of human capital.
  4. None of the above.
Question 9 Multiple Choice (Single Answer)

Which of the following is NOT a type of knowledge capital?

  1. Human capital
  2. Physical capital
  3. Social capital
  4. Organizational capital
Question 10 Multiple Choice (Single Answer)

The Grossman and Helpman model of endogenous growth is based on the assumption that:

  1. Firms can perfectly appropriate the returns to their research and development investments.
  2. There are increasing returns to scale in research and development.
  3. Technological progress is driven by the accumulation of human capital.
  4. None of the above.
Question 11 Multiple Choice (Single Answer)

Which of the following is NOT a type of endogenous growth model?

  1. The Solow-Swan model
  2. The Romer model
  3. The Lucas model
  4. The Aghion and Howitt model
Question 12 Multiple Choice (Single Answer)

The Jones model of endogenous growth is based on the assumption that:

  1. Firms can perfectly appropriate the returns to their research and development investments.
  2. There are increasing returns to scale in research and development.
  3. Technological progress is driven by the accumulation of human capital.
  4. None of the above.
Question 13 Multiple Choice (Single Answer)

The Murphy, Shleifer, and Vishny model of endogenous growth is based on the assumption that:

  1. Firms can perfectly appropriate the returns to their research and development investments.
  2. There are increasing returns to scale in research and development.
  3. Technological progress is driven by the accumulation of human capital.
  4. None of the above.
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