Which of the following can expand the production possibilities frontier?
A) Improved patent laws
B) Legal reforms that increase transaction costs
C) Reductions in the length of patent protection
D) Stringent tax laws for R&D companies
E) The advent of a labor deepening technology
Correct Answer:
Verified
Q14: Productivity measures:
A)how efficiently resources are turned into
Q15: Which of the following is the correct
Q16: Productivity is defined as:
A)the ratio of a
Q17: Labor cost on an average accounts for
Q18: If Q is total real output,K is
Q20: Which of the following does not contribute
Q21: Joe runs a pizzeria at a busy
Q22: Which of the following implies a decline
Q23: An increase in the amount of capital
Q24: A point on the per-worker production function
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