Specialization of labor can result in output increasing at an increasing rate
Indicate whether the statement is true or false
T
You might also like to view...
If the marginal product of capital doesn't change as the amount of capital increases, a figure showing the relationship between output and capital
A) is a straight line with constant upward slope. B) is a straight line with a slope of zero. C) is a vertical line. D) slopes upward with a slope that declines as the amount of capital increases.
If $1,000 is placed in an account earning 8% annually on January 1, 1999, how much would be in this account on January 1, 2013?
What will be an ideal response?
When advertising enhances the ability of markets to allocate resources, it is most likely: a. manipulating people's tastes
b. increasing the brand loyalty of existing customers. c. advertising about the existence of new products. d. addressing psychological, rather than informational, characteristics of a good.
According to most economists, the development of markets is:
A. both a necessary and a sufficient condition for development. B. a sufficient condition for development but not a necessary condition. C. a necessary condition for development but not a sufficient condition. D. neither a necessary nor a sufficient condition for development.