Multiple Choice
Consider two economies. If each country has the same production function and the same amount of capital and labor, the country that ________ produces more.
A) is less productive
B) is more productive
C) has more natural resources
D) has lower costs of production
E) has more workers
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Institutions are one example of factors that
Q24: If the marginal product of capital equals
Q25: Refer to the following figure when answering
Q26: Figure 4.3: The Production Function <img
Q27: The marginal product of labor is measured
Q29: In the year 2014 total factor productivity
Q30: In the Cobb-Douglas production function <img
Q31: As a rough approximation, differences in capital
Q32: In the United States, the average number
Q33: Accounting profit is _ and is equal