Average physical product measures the output per unit of input.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Wages in the United States are higher than those in Mexico primarily because
a. output per worker is higher in Mexico than in the United States. b. output per worker is higher in the United States. c. the human and physical capital of American workers is lower than that of their Mexican counterparts. d. all of the above are correct.
In modern culture, which of the following has probably become the most precious resource?
a. water b. time c. oil d. mathematics
Blu-ray players and Blu-ray discs are:
A. complementary goods. B. substitute goods. C. independent goods. D. inferior goods.
The study of an individual's choice about what type of computer to buy is a subject of
A. microeconomics. B. an aggregate concept. C. macroeconomics. D. not a concern for economic analysis.