The production function has ____ on the horizontal axis
a. real GDP
b. capital stock
c. technology
d. labor input
d
You might also like to view...
The main policy advice given by the IMF to East Asian countries facing the financial crises of 1997/1998 was
A) raising their domestic interest rates to stabilize the collapsing currencies. B) using their monetary and fiscal policies alone. C) use capital controls. D) adopting a flexible exchange rate system. E) adopting a fixed exchange rate system.
The two types of financial systems tend to treat
A) small firms alike. B) large firms alike. C) both small and large firms alike. D) neither small nor large firms alike.
According to the above table, if the price of the good produced is $5 and the wage rate is $400, then the marginal revenue product of the 7th worker is
A) $300. B) $60. C) $12. D) $400.
The payment for current rather than future command over resources is
A) an implicit cost. B) an implicit benefit. C) interest. D) opportunity cost.