Consider two countries,A and B.If each country produces using identical production functions,but
and
,the total factor productivity of country A equals that of B.

Question

Consider two countries,A and B.If each country produces using identical production functions,but  
and  
,the total factor productivity of country A equals that of B.

Quizplus · Accepted Answer

If the total factor productivity of both countries is equal, then they should be able to produce the same amount of output for a given amount of inputs, regardless of the specific production function used.

Consider Two Countries,A and B