A superior level of technology is an important reason the productivity of workers in rich countries is high
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following is NOT associated with the new growth theory?
A) natural resources B) research C) technology D) innovation
Use the figure below to answer the next question. An increase in the economy's human capital would
A. shift the production possibilities frontier from CD to AB. B. move the economy away from point B and toward point A. C. shift the production possibilities frontier from AB to CD. D. move the economy away from point A and toward point B.
The least-cost solution to the adverse selection problem would be to ______.
a. provide buyers with resources used to research the products b. have sellers reveal their superior information to potential buyers c. have sellers provide warranties on the products they sell d. have buyers price every product exactly the same
Which of the following cost functions exhibits economies of scope when three (3) units of good one and two (2) units of good two are produced?
A. C = 5 + Q1Q2 + Q12Q22. B. C = 50 ? 5Q1Q2 + 0.5Q12 + Q22. C. C = 15 + 5Q1Q2 + 2Q1 + 4Q2. D. C = 10 + 4Q1Q2 + Q12 + Q22.