Multiple Choice
Refer to Figure 13.1 for the following questions.
Figure 13.1
-The movement from A to D in Figure 13.1 illustrates
A) an improvement in technology.
B) a decline in capital per worker.
C) diminishing returns to capital.
D) diminishing returns to labour.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q18: The 'rule of 70' states that it
Q31: If, between 2007 and 2017, the economy's
Q69: Which of the following transactions would be
Q77: If you buy shares, the dollar value
Q79: Gross domestic product is generally _ net
Q84: The economic growth rate is measured using:<br>A)nominal
Q90: Gross national income (GNI)is defined as the
Q102: If an economy is growing at a
Q166: The Soviet Union's economic growth rate slowed
Q171: Potential GDP is always greater than real