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Question
If capital per hour of labor increases, GDP per hour of laborA) decreases for a given level of technology.
B) increases because the level of technology advances.
C) increases for a given level of technology.
D) decreases because the level of technology decreases.
E) changes only if technology also advances.
Answer
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Related questions
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Scarcity results from the fact that
A) people's wants exceed the resources available to satisfy them.
B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
Q:
Why does scarcity lead to the what, how, and for whom questions?
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B) the social interest.
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B) How will health care be produced?
C) For whom will health care be produced?
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When unskilled teens earn less than college graduates, society answers the ________ question.
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Q:
Which of the following is a topic studied in macroeconomics?
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Q:
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Q:
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B) a horizontal or a vertical line.
C) a downward-sloping line.
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