Multiple Choice
Which of these would have the greatest impact on output in a country based on the production function: output = A × f(L, K, H, N) ?
A) a 5% increase in entrepreneurial ability and technology
B) a 5% increase in the level of human capital
C) a 5% increase in the amount of land
D) a 5% increase in the amount of capital
Correct Answer:
Verified
Correct Answer:
Verified
Q75: By investing heavily in the consumption of
Q76: What are the sources of productivity growth
Q77: According to the production function, which of
Q78: Human capital includes<br>A) physical capital.<br>B) labor.<br>C) the
Q79: A legal system that enforces property rights
Q81: Countries with the most economic freedom do
Q82: (Table) According to the table, which country
Q83: If Macronomica has a growth rate of
Q84: If a country's population increases at a
Q85: The Rule of 70 is a valuable