Multiple Choice
Assume that a country's production function changes from to
. Which of the following events could explain the change in this production function?
A) the disappearance of diminishing returns from the production function
B) the development of new technology in production
C) greater capital accumulation
D) less depreciation due to better capital stock maintenance.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Explain why the marginal product of capital
Q24: A patient with a rare disease has
Q62: If two or more people can use
Q68: An increase in the investment rate results
Q68: Which statement is NOT true?<br>A) Ideas for
Q70: A small country's aggregate production function is
Q71: As other countries grow wealthier, the incentive
Q72: Consider a small country with a capital
Q107: Which is NOT a key institution for
Q114: Among countries with similar steady-state levels of