Question

In the Romer model, the inputs to production are:

a. capital and labor.
b. capital and ideas.
c. labor and ideas.
d. natural resources, labor, and ideas.
e. labor and total factor productivity.

Answer 1

Answer:

c. labor and ideas.

Explanation:

The Romer model is a type of economical model that breaks down the world into objects and ideas such as capital, labor

In the Romer model, the inputs to production are labor and ideas.