Figure 18-11
-Refer to Figure 18-11. What is measured on the vertical axis of the graph?
A)the rate of technological progress
B)wages paid to workers in markets where capital goods are produced
C)wages paid to workers in markets where capital goods are not produced
D)the rental price of capital

Question

Figure 18-11 
-Refer to Figure 18-11. What is measured on the vertical axis of the graph?
A)the rate of technological progress 
B)wages paid to workers in markets where capital goods are produced 
C)wages paid to workers in markets where capital goods are not produced 
D)the rental price of capital

Quizplus · Accepted Answer

The vertical axis of the graph measures the rental price of capital, which is the cost of renting capital goods.

Figure 18-11 -Refer to Figure 18-11. What Is Measured on the Vertical