Neoclassical growth theory does not emphasize how __________ contribute to growth
A) the quantity of capital
B) technological changes
C) the quantity of labor
D) factors limiting population growth
E) a and c
B
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We categorize market structures according to
a. price, function, and size b. number of firms, entry conditions, and substitutability of goods c. entry conditions, location, and function d. number of firms, location, and size e. number of firms, entry conditions, and size
In a diagram showing the average total cost and average variable cost curves, the minimum point of the average total cost is
A) at the same level of output as the maximum of the total product curve. B) at a lower level of output than the minimum point of the average variable cost. C) at a larger level of output than the minimum point of the average variable cost. D) at the same level of output as the minimum point of the average variable cost.
Lack of formal training or education, by itself, is a very significant cause of poverty
Indicate whether the statement is true or false
What is a production function?
What will be an ideal response?