I need help w my economics homework?

I need help answering these:

1. What trade offs are made when a nation chooses a market, mixed, or command economy?

2. How does investment in human and physical capital affect productivity and economic growth?

1 Answer

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  • Oiy
    Lv 6
    12 months ago
    Favorite Answer

    If a command economy is chosen, the trade-offs are individual property rights and the market principle. if the mixed market economy is chosen, the trade-offs are the free-market principles. But if the market economy is chosen, the trade-offs the dictators.

    Based on Solow's model and the new growth theory, human capital, education, knowledge, and physical capital will increase productivity and growth.

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