Multiple Choice
Which of the following describes an increase in technological knowledge? A farmer:
A) sends his child to agricultural college and the child returns to work on the farm.
B) hires another day labourer.
C) buys another tractor.
D) discovers that it is better to plant in the spring rather than in the autumn.
Correct Answer:
Verified
Correct Answer:
Verified
Q51: Our standard of living is most closely
Q54: Labour productivity, measuring the output per worker,<br>A)
Q55: Which of the following expenditures to enhance
Q56: If a production function exhibits constant returns
Q58: If the capital stock increases faster than
Q59: Human capital refers to human-made capital such
Q60: When a nation has very little GDP
Q82: Thomas Malthus's predictions turned out to be
Q99: How do outward-oriented policies affect a nation's
Q146: What is a production function? Write an