A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the
A) real interest rate.
B) productivity relation.
C) production function.
D) marginal product.
C
You might also like to view...
The equation of exchange is an accounting identity that
a. relates the money supply to nominal GDP. b. equates the demand for money with the supply of money. c. relates the money supply to real GDP. d. accounts use to balance assets and liabilities.
According to behavioral economics, if people taking an exam were asked to guess the score they would receive, it would be most likely that
a. significantly more people would score below what they guessed than above what they guessed. b. significantly more people would score above what they guessed than below what they guessed. c. about the same number of people would score more than they guessed as scored less than they guessed. d. people's scores would be pretty close to what they guessed.
Productivity growth tends to affect all industries to the same degree.
Answer the following statement true (T) or false (F)
A ________ is considered an asset of that bank.
A. bank liability B. bank deposit C. demand deposit D. bank loan