Which of the following does not contribute to low farm productivity in poor nations?

A. Lack of effort.
B. Limited infrastructure.
C. Lack of machinery.
D. Inferior technology.


Answer: A

Economics

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The t-statistic is calculated by dividing

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Which of the following is a property of an isoquant?

a. It is concave to the origin. b. Its slope is given by the ratio of the marginal products, for example, (marginal product of capital) ÷ (marginal product of labor), where capital and labor are measured on the Y and X-axes respectively. c. It gives the lowest-cost way of producing a certain level of output. d. Isoquants cannot intersect each other.

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Which of the following is TRUE regarding money market mutual funds?

I. Money market mutual funds buy highly liquid assets like Treasury bills. II. Shareholders can obtain loans from money market mutual funds. A) I only B) II only C) both I and II D) neither I nor II

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Based on Scenario 1 above critically evaluate the following statement. "Because of the productivity differential between the two men we can conclude that the young man has a comparative advantage in the production of everything over the older man

What will be an ideal response?

Economics