Question
According to the Romer model, if the stock of ideas
increases by 15 %, how much will output per worker increase when all else is equal?Solution
formula for basic production function, according to Romer is as: Yi = AKiα Li1-α K-ß Now other things is equal, one unit change in A (idea/technology) will increase the output by 1 [dy/dA = 1]. Hence output will increase by 15% if the stock of idea increses by 15%.
Which of the following is NOT a principle of organic farming as per IFOAM?
Which WTO agreement addresses the protection of human, animal, and plant health?
Which Indian organization helps exporters meet international food trade requirements and offers infrastructure support?
What is the key environmental benefit of organic farming?
A system in which forest trees are grown along with agricultural crops and grasses on the same land at the same time is known as ____
What is the full form of SPS in WTO agreements related to agri trade?
Which of the following is a dicotyledonous weed?
What is the main economic advantage of organic farming for smallholders?
Which Ministry governs the functioning of APEDA?
What does the conversion period in organic farming refer to?
