
-The figure above shows the U.S. production function. From 1986 to 2008 the United States experienced major advances in technology as well as an increase in the working -age population. The combined effect can best be shown by a
A) movement from point W to point X.
B) movement from point Y to point X.
C) movement from point W to point Z.
D) movement from point Y to point Z.
Correct Answer:
Verified
Q154: An increase in productivity relates to
A) producing
Q155: If the nationʹs capital stock increases so
Q156: An increase in physical capital or a
Q157: A decrease in the real wage rate
A)
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