The factors of production are:
A) land, labour, capital, and technology.
B) land, labour, capital, and entrepreneurship.
C) inputs, managerial ability, and technology.
D) fixed in the long run.
Correct Answer:
Verified
Q7: Small differences in growth rates eventually produce
Q8: Growth of per capita output occurs when:
A)
Q9: With the economy at potential output, economic
Q10: Which of the following statements is false?
A)
Q11: Growth accounting attempts to measure the factors
Q13: To the economist, productive capital is defined
Q14: The production function shows the relationship between:
A)
Q15: Y = A x F(L, K) is
Q16: Based on a simple production function, potential
Q17: A simple production function can be written
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