Multiple Choice
The Soviet Union consistently increased the amount of capital available to its workers,but found that increases in capital resulted in progressively smaller and smaller increases in GDP per worker.This phenomenon is referred to as
A) a rising standard of living.
B) diminishing returns to capital.
C) new growth theory.
D) a shift of the per-worker production function.
Correct Answer:

Verified
Correct Answer:
Verified
Q178: A policy that offers parents a tax
Q179: The opportunity cost of being unemployed tends
Q180: The economic growth model predicts that<br>A)GDP per
Q181: Technological change allows the economy to produce
Q182: According to new growth theory<br>A)physical capital is
Q184: You have been hired as an economic
Q185: Increasing the growth rate of GDP per
Q186: Robert Lucas argues that there are _
Q187: What is human capital?<br>A)labor productivity<br>B)buildings,equipment,and machinery owned
Q188: According to Joseph Schumpeter,which of the factors