If technological change is "neutral," then
A) output per worker declines,output per unit of capital increases.
B) "effective labor input" increases,output per unit of capital declines.
C) output per worker increases,output per unit of capital is constant.
D) Both output per worker and output per unit of capital change.
Correct Answer:
Verified
Q46: Less-developed countries that nonetheless have access to
Q47: The introduction of human capital to the
Q48: If technological change is "labor augmenting," then
A)output
Q49: Figure 10-3 Q50: The new growth theory that arose in Q52: Figure 10-1 Q53: The "nonconvergence" problem with the Solow growth Q54: Extensive growth is driven by Q55: One of the shortcomings of the Solow Q56: Figure 10-2 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
A)very high savings
