SP25 ECON 312 001 Midterm Exam #2 (Chapters 6 9): Sample Questions

Consider the standard Romer model from the textbook with the following properties. Country 𝐵 has a larger population than country 𝐶 (i.e.  𝐿 ¯ 𝐵 > 𝐿 ¯ 𝐶 ), but the two countries have the sa...