1. The standard growth model of private capital accumulation ignores human capital. If human capital were...

 

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1. The standard growth model of private capital accumulation ignores human capital. If human capital were introduced into the model, then to explain U.S. growth from 1870 to 1990, either the initial private capital-labor could be exogenous growth rate of technological change could be or the a. raised, raised b. raised, lowered c. lowered, raised d. lowered, lowered 1. The standard growth model of private capital accumulation ignores human capital. If human capital were introduced into the model, then to explain U.S. growth from 1870 to 1990, either the initial private capital-labor could be exogenous growth rate of technological change could be or the a. raised, raised b. raised, lowered c. lowered, raised d. lowered, lowered

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