Question
High interest rates are associated with intensive use of this resource according to its namesake “reversing,” which implies reswitching. Central banks cannot have a fixed exchange rate, an independent monetary policy, and free movement of this resource, according to the “impossible trinity.” The current account and an account named for this resource make up a country’s balance of payments. The amount of this resource at time t is raised to the power of the output elasticity of this resource in the Solow–Swan model. The Heckscher–Ohlin model predicts that countries abundant in this resource will produce fewer labor-intensive goods. Knowledge and experience are often classified as the “human” type of this resource. For 10 points, name this factor of production often paired with land and labor. ■END■
Buzzes
Player | Team | Opponent | Buzz Position | Value |
---|---|---|---|---|
Lexi Terman | Rutgers A | Columbia B | 36 | 10 |
Mark Tawfik | Rutgers B | Penn A | 82 | -5 |
Sam Macchi | Vassar | Yale A | 96 | 10 |
Arjun Bothra | Haverford | Princeton B | 97 | 10 |
Forrest Weintraub | Columbia A | Cornell C | 103 | 10 |
Eshan Pant | NYU A | Princeton A | 106 | 10 |
Vincent Zhang | Penn B | Yale C | 107 | 10 |
Ashish Kumbhardare | Rowan A | NYU B | 113 | 10 |
Cyrus Hodgson | Bard A | Columbia C | 118 | 10 |
Anirudh Bharadwaj | Penn A | Rutgers B | 125 | 10 |