Countries that start with very little physical capital will get a:
A. higher return from adding a unit of capital than a country that starts at a higher initial level will.
B. lower return from adding a unit of capital than a country that starts at a higher initial level will.
C. similar return from adding a unit of capital than a country that starts at a higher initial level will.
D. higher return from adding a unit of capital the more natural resources they possess.
A. higher return from adding a unit of capital than a country that starts at a higher initial level will.
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Which of the following are TRUE regarding "positive" statements? I. They describe what "ought to be." II. They describe what is believed about how the world appears. III. They can be tested as to their accuracy
A) I and II B) II and III C) I and III D) I, II and III
Using the textbook's production function, if two percent more labor working with two percent more capital produces two percent more real GDP, then "multifactor productivity" has
A) risen by four percent. B) risen by two percent. C) remained unchanged. D) fallen by one percent. E) fallen by two percent.
How is it possible to have a separation between ownership and control of a major corporation? What specific type of market imperfection can cause this?
What will be an ideal response?
As concentration in an industry increases, the Herfindahl index falls
a. True b. False