Which of the following statements is true?
A) Growth in technology is linear in nature.
B) Growth in land productivity is exponential in nature.
C) Growth in technology is exponential in nature.
D) Growth in labor productivity is exponential in nature.
C
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The least common form of business organization in the United States is the partnership
a. True b. False
Althea is a student in your class. Althea wears a perfume called Essence of Efficiency. Bob really likes the scent of this perfume, and is disappointed on days when Althea doesn't wear it. Cathy is mildly allergic to this perfume. Her eyes water and her nose becomes runny when Althea comes to class wearing this perfume. Cathy is fine otherwise. This is a story about
a. too much perfume being produced b. too little perfume being produced c. an incomplete market d. inadequate allocation of responsibility e. market failure
Actual investment spending does not include
What will be an ideal response?
Which of the following best explains an economic criticism of unregulated monopolists?
A. Monopolists do not try to minimize their fixed costs of production. B. Monopolists produce where marginal revenue is greater than marginal costs. C. Monopolists attempt to produce too many products, and as a result, their prices are high, and consumer's waste time trying to choose between too many options. D. Monopolists restrict output, and as a result, they fail to produce units that are valued more than the marginal cost of producing them.