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Public goods

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True or false? Explain why.
a.Technological advance, which to date has played a relatively small role in U.S. economic growth, is destined to play a more important role in the future.
b.Many public capital goods are complementary to private capital goods.
c.Immigration gas slowed economic growth in the United States.

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This solution helps explore the concepts of economic growth and technological advance.

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a. False, technological advance has played a significant role in U.S. economic growth. From the creation of pesticides which improved productivity to the more recent computer and internet technologies that have revolutionized the way we do business, decreasing the amount labour required to do anything. It is certainly expected to ...

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