In the capital-deepening model of economic growth, capital deepening is associated with
a. decreasing labor productivity
b. increasing labor productivity
c. decreasing capital output ratio
d. increasing capital output ratio
e. less capital per worker
B
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When the price of a good changes, other things constant, what occurs?
A) The supply curve shifts to the right. B) The supply curve shifts to the left. C) The supply curve becomes flatter. D) The supply curve becomes steeper. E) Only quantity supplied changes.
The production function shows:
a. the total cost incurred to produce a certain level of output. b. the changes in cost incurred as output level varies. c. the relationship between inputs used and output produced. d. the impact of a change in production on the firm's revenues.
The following simple model is used to determine the annual savings of an individual on the basis of his annual income and education.
Savings = 
The variable ‘Edu' takes a value of 1 if the person is educated and the variable ‘Inc' measures the income of the individual.
?
Refer to the model above. The inclusion of another binary variable in this model that takes a value of 1 if a person is uneducated, will give rise to the problem of _____.
A. omitted variable bias B. self-selection C. dummy variable trap D. heteroskedastcity
“Pollution should be completely eliminated.” Evaluate. Support your answer using MB and MC analysis
Please provide the best answer for the statement.