Of the following, which is the least likely example of an increase in total factor productivity?
A) the introduction of the assembly line
B) the invention of the personal computer
C) good weather
D) a reduction in the relative price of energy
E) an educated work force
Correct Answer:
Verified
Q21: As the quantity of capital increases, the
Q38: As the quantity of labour increases, the
Q45: The following question(s)deal with The Widget
Q64: The marginal product of the second widget
Q66: In a typical aggregate production function, total
Q68: An increase in total factor productivity
A) changes
Q69: Suppose Ford could triple production of Mustangs
Q70: The marginal product of the fourth Gizmo
Q71: The Solow residual is a measure of
A)
Q73: An increase in total factor productivity shifts
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents