Exhibit 8-1
-The movement from point A to point B in Exhibit 8-1 could illustrate the result of
A) an increase in the capital stock relative to the work force
B) an increase in the labor productivity growth rate
C) an increase in labor productivity because of higher quality capital
D) all of the above
E) a and b only
Correct Answer:
Verified
Q23: An increase in the amount of capital
Q34: The slope of the per-worker production function
Q39: Exhibit 8-1 Q41: Which of the following is most likely Q42: A decrease in the capital-labor ratio means Q56: Which of the following would not be Q58: According to Nobel prize winner Simon Kuznets,the Q60: Labor productivity the United States has never Q127: The diminishing slope of the per-worker production Q140: Between the 1880s and the early 21st
A)higher
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