Which of the following is assumed to be constant along a per-worker production function?
a. Output per worker
b. Capital per worker
c. Level of technology
d. Amount of capital
e. Amount of output
c
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Internal balance describes
A) equilibrium in the goods market. B) a desired level of trade or capital flows. C) where the IS and BP curve intersect. D) a domestic rate of growth consistent with a low unemployment rate.
Which of the following can help to explain why higher inflation may lead to currency appreciations?
A) The interest rate is not the prime target of monetary policy. B) Most central banks adjust their policy interest rates expressly so as to keep inflation in check. C) Central banks increase the money supply leading to overshooting of the exchange rate. D) Inflation will increase the purchasing power of a currency. E) The world market does not adjust their currency trade to reflect inflation.
Refer to the information provided in Table 13.4 below to answer the question(s) that follow. Table 13.4Price ($)Quantity20.00118.00216.00314.00412.00510.006 8.007Refer to Table 13.4. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $4 per unit of providing the product, then the monopoly maximizes its profits by charging ________ per unit and selling ________ units of output.
A. $16; 3 B. $12; 5 C. $10; 6 D. $18; 2
Although crude oil prices briefly fell below $55 per barrel in late 2006, they quickly rebounded and, throughout much of 2007, remained well above
A. $100 per barrel. B. $125 per barrel. C. $60 per barrel. D. $80 per barrel.