If the stock of physical capital (that is machinery,equipment,etc. ) and human capital remain the same and the population increases,then
A) labor productivity will increase.
B) labor productivity will decrease.
C) the standard of living will increase.
D) the new labor will be more productive.
E) real GDP decreases.
Correct Answer:
Verified
Q212: Human capital refers to the
A)accumulated skill and
Q213: The widespread adoption of computers in the
Q214: _ increases with education,training,and job experience.
I.Physical capital
Ii.Human
Q215: Increases in human capital can come
A)only from
Q216: Expansion of a nation's human capital can
Q218: Labor productivity increases if
I.human capital decreases.
Ii.technology advances.
Iii.quality
Q219: The productivity curve
A)has a positive slope.
B)has a
Q220: According to the law of diminishing returns,an
Q221: Labor productivity equals _.
A)real GDP × aggregate
Q222: A technological change _ and a change
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