The word productivity refers to:
A) the quantity of goods and services that a worker can produce in a year
B) the quantity of goods and services that a worker can produce in a day
C) the quantity of goods and services that a worker can produce for each hour of work
D) the quantity of goods and services that a nation produces in a year
Correct Answer:
Verified
Q32: The catch-up effect is the idea that:
A)savings
Q33: The term constant returns to scale refers
Q34: Human capital is:
A)the stock of equipment and
Q35: While Africa should have grown faster than
Q36: Countries that devote a small share of
Q38: Physical capital is:
A)the knowledge and skills that
Q39: A capital investment that is owned and
Q40: Which of the following is not a
Q41: Why is improving education important for technological
Q42: Technological progress does not depend on:
A)the quality
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