The production function for Country A exhibits constant returns to scale. Suppose that physical capital per worker, human capital per worker, and natural resources per worker all triple. At the same time, Country A's technological knowledge doubles. Productivity
a. does not change.
b. is now two times larger
c. is now three times larger.
d. is now six ties larger.
d
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The coupon rate is the:
A. regular payment of interest to a bondholder. B. interest rate promised when a bond is issued. C. maximum interest rate that can be paid on a bond. D. amount originally lent.
Refer to the scenario above. Which among the following is a possible outcome if the number of bidders decreases to 45?
A) There will be no change in the outcome of the auction. B) The optimal bid for Molly will now be $831.11. C) The optimal bid for Molly will now be $745. D) The optimal bid for Molly will now be $845.
In the United States, a little more than half the electorate will turn out to vote in:
a. local elections. b. state elections. c. judicial elections. d. presidential elections.
Which of the following is an accurate statement about the free market?
a. Government agencies make most of the decisions concerning buying and selling. b. Resources shift from uses that are less valued to uses that are more valued. c. “Market forces” is a precise term to use when talking about decision making. d. The “voice” that decides how resources are allocated is made up mostly of buyers.