Multiple Choice
Which of the following is true about total factor productivity (TFP) ?
A) it tells us how productive capital and labor are
B) it is a more general and better measure of productivity than labor productivity
C) it is not directly measurable
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q20: The three oil shocks the U.S.experienced in
Q21: Use the Cobb-Douglas production function to show
Q22: From the Cobb-Douglas production function we learn
Q23: Firms will continue to increase their purchase
Q24: To get the first order conditions in
Q26: Consider an economy in which 350 =
Q27: Key determinants of economic profit include _.<br>A)the
Q28: In an economy with production function Y
Q29: Economic profits differ from accounting profits because
Q30: Suppose that a technological advance raises total