A higher labor to capital ratio results in greater productivity of labor.
Answer the following statement true (T) or false (F)
False
A higher capital to labor ratio results in greater productivity of labor.
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Suppose that the CPI in Egypt was 111 in 2015 and 122 in 2016. The inflation rate between those two years was approximately
A) 4.8 percent. B) 5.5 percent. C) 9.9 percent. D) 11 percent.
What is a Nash equilibrium? Is this equilibrium the best outcome for the players? Give an example
What will be an ideal response?
How does an additional individual's consumption of a good that is nonrival-in-consumption, such as a radio broadcast, affect the amount of the good available to other consumers?
a. The amount available to others will decline. b. The amount available to others will increase. c. The amount available to others is unaffected. d. The amount available to others is eliminated.
Which of the following correctly states the relationship between GDP and GNP for the U.S.?
a. GDP equals GNP minus the net income of foreigners. b. GDP equals GNP plus the net income of foreigners. c. GDP equals GNP minus indirect business taxes. d. GDP equals GNP.