Which of the following would have the greatest impact on output in a country based on the production function form: Output = A × f(L, K, H, N) ?
A) a 5% increase in entrepreneurial ability and technology
B) a 5% increase in the level of human capital
C) a 5% increase in the amount of land
D) a 5% increase in the amount of capital
Correct Answer:
Verified
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