Multiple Choice
An increase in total factor productivity shifts the production function
A) upward and reduces the marginal product of labour.
B) upwards and increases the marginal product of labour.
C) downward and reduces the marginal product of labour.
D) downward and increases the marginal product of labour.
E) downward and also reduces its slope.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: Fiscal policy refers to a government's choices
Q36: Immunization from communicable diseases generate<br>A) overproduction.<br>B) a
Q37: Goods and services provided by the government
Q38: In an economic model, an endogenous variable
Q39: In a one-period economic model, the government
Q41: An increase in government spending<br>A) increases consumption,
Q42: In the model where G = qT,
Q43: A competitive equilibrium has the following property:<br>A)
Q44: A decrease in total factor productivity could
Q45: Making use of an economic model is