Multiple Choice
Because of diminishing returns,an economy can continue to increase real GDP per hour worked only if
A) there are decreases in human capital.
B) the per-worker production function shifts downward.
C) there continue to be decreases in capital per hour worked.
D) there is technological change.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: In a small Asian country,it is estimated
Q48: GDP in a country grew from $10
Q62: All of the following policies are ways
Q94: New growth theory states that increases in
Q147: If the slope of the per-worker production
Q166: Figure 22-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Figure 22-1
Q188: According to Joseph Schumpeter,which of the factors
Q235: If there is a change in the
Q238: One of the primary reasons that Mexico
Q254: Knowledge capital is<br>A)rival.<br>B)nonrival.<br>C)nonexcludable.<br>D)both B and C.