Historically, development of a new technology often:
A) results in immediate increases in productivity.
B) leads to increases in productivity only once firms learn how to use it.
C) requires a complementary increase in physical and human capital.
D) has had no impact on changes in productivity.
Correct Answer:
Verified
Q294: Education's effect on productivity:
A)is believed to be
Q295: Diminishing returns to physical capital suggests that:
A)at
Q296: Use the following to answer questions :
Figure:
Q297: In the past 30 years, both China
Q298: If the population and GDP increase by
Q300: The value of real GDP divided by
Q301: The convergence hypothesis:
A)apparently applies only to wealthy
Q302: Use the following to answer questions:
Scenario: Capital
An
Q303: Based on historical economic growth, economists have
Q304: One of the most important types of
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