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Business, 30.11.2020 18:00 tammydbrooks43

Michael Kremer's research suggests that higher population might stimulate technological progress. How can higher population stimulate technological change? a. A rise in population at first leads to a decline in per-capita output, and the growth rate of per-capita output will decrease permanently.
b. The research may be just conjecture on the role of technology based on the growth of the world population.
c. A higher population puts more pressure on limited available resources, thereby increasing incentives to spur technological change.
d. A higher population immediately increases α, which, in turn, increases the balanced growth path.

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