Question

Suppose that the economy's production function is: Y = K ^.5 ? ( A N )^ .5 The savings rate, s, is equal to 16%, the depreciation rate, d, is equal to 10%. Suppose further that the number of worke

Answer 1

HistoryGuy. The first nation to build its economy on capitalism was the Netherlands, since it was in fact the Dutch who created the first stock company, in which people could buy shares of companies.

Answer 2

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