As an economy accumulates more capital per worker, labor productivity:
a. increases and the standard of living grows.
b. decreases and the standard of living falls.
c. decreases and the standard of living grows.
d. increases and the standard of living falls.
a
You might also like to view...
In the steady state in the Solow growth model, the economy is in equilibrium with the capital-labor ratio and real GDP per worker ________, and with capital, labor, and real GDP ________
A) constant; constant B) growing; constant C) constant; growing D) growing; growing
Use the following statements to answer this question: I. If mixed strategies are allowed, every game has at least one Nash equilibrium. II. The maximin strategy is optimal in the game of "matching pennies."
A) Both I and II are true. B) I is true, and II is false. C) I is false, and II is true. D) Both I and II are false.
On average, women receive ________ of the pay that men receive.
A. between 50 and 60 percent B. between 70 and 90 percent C. between 30 and 40 percent D. 100 percent
Which two pieces of legislation were passed in 1914?
a. Sherman Antitrust and Clayton Act b. Clayton Act and Robinson-Patman Act c. Robinson-Patman Act and Celler-Kefauver Act d. Clayton Act and Federal Trade Commission Act e. Sherman Antitrust Act and Federal Trade Commission Act.