If the number of workers in the economy increase, but the level of capital is kept constant:
A) the economy will experience diminishing returns.
B) the total productivity of the economy will improve.
C) the rate of return on capital will increase.
D) the marginal productivity of labour will become positive.
Correct Answer:
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Q12: Assuming that the supply of labour is
Q13: Assuming that the economy is producing at
Q14: The long-run aggregate supply curve will shift
Q15: Which of the following will lead to
Q16: Economic growth will _.
A) shift the long-run
Q18: Thomas Malthus' prediction that population would outgrow
Q19: Which of the following shifts the long-run
Q20: According to the neoclassical model of economic
Q21: Which of the following changes in the
Q22: Which of the following policies would provide
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