Multiple Choice
Capital and labor are distinct from productivity in that ________.
A) productivity is independent of technology changes
B) productivity can only increase over time
C) productivity is subject to diminishing returns
D) capital and labor are subject to diminishing marginal returns
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Countries with different initial levels of per
Q15: When an economy experiences a one-time increase
Q16: A One-Child Policy was instituted in 1979
Q17: Solow Diagram <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5036/.jpg" alt="Solow Diagram
Q18: National output is a function of _.<br>A)capital
Q20: In a closed economy _.<br>A)investment equals consumption<br>B)investment
Q21: Comparing steady states,which of the following is
Q22: If depreciation is equal to investment _.<br>A)capital
Q23: "Capital dilution" refers to _.<br>A)the flow of
Q24: Strong evidence of convergence exists for _.<br>A)wealthy