Because of diminishing returns to physical capital, doubling the amount of physical capital available to one worker will _____ GDP per worker by _____ a factor of 2.
A) decrease; less than.
B) decrease; less than
C) increase; less than.
D) increase; less than
E) increase; exactly.
F) increase; exactly
G) increase; more than.
H) increase; more than
Correct Answer:
Verified
Q127: _ refers to spending to develop and
Q128: The production function exhibits _ returns to
Q129: Human capital refers to:
A)output per worker
B)output per
Q130: The production function measures productivity as:
A)GDP per
Q131: The skills that workers bring to the
Q132: Diminishing returns to physical capital mean that
Q134: A factor that does NOT drive productivity
Q135: The production function exhibits _ returns to
Q136: Improvements in technology cause _ the production
Q137: The production function does NOT depend on:
A)the
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