Reconstruction in Europe following World War II demonstrates
A) that winning the war stimulated economic growth in the UK
B) the ease with which military production was converted to civilian production
C) the importance of a central planning authority to direct new investment to its most productive use
D) that small additions to the devastated capital stock could lead to large increases in output
E) that the marginal product of capital is reduced when the labor force is reduced
Correct Answer:
Verified
Q1: The marginal product of capital may be
Q3: The best long run growth strategy for
Q4: A steady state may be defined as
A)
Q5: When interest rates rise,
A) investment increases
B) investment
Q6: The diminishing marginal product of capital implies
A)
Q7: Interest rates are most often determined by
A)
Q8: By definition,the capital stock of a country
Q9: With few exceptions,the most important element of
Q10: For the economy as a whole,the relationship
Q11: The difference between "gross" and "net" in
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