This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What does it mean when economists say that labor and capital are complementary inputs? What will ... (Read 90 times)

humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
What does it mean when economists say that labor and capital are complementary inputs?
 
  What will be an ideal response?

Question 2

In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. This change will
 
  A) add to GDP.
  B) only change GDP if the development occurs within the borders of the United States.
  C) take away from GDP.
  D) not change GDP.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wilsonbho

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

Additional capital increases the productivity of labor. Likewise, capital is of very little use without labor to operate it.

Answer to Question 2

A


humphriesbr@me.com

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

(a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest (a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest
This graphic illustrates the original systems model of politics advanced by David Easton. Politics This graphic illustrates the original systems model of politics advanced by David Easton. Politics
Natural Capital versus GDP per Capita Natural Capital versus GDP per Capita
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
Two complementary angles are drawn such that one angle is 10 degree more than seven times the ... Two complementary angles are drawn such that one angle is 10 degree more than seven times the ...
Three queens, fertile females in species that have a reproductive division of labor. Three queens, fertile females in species that have a reproductive division of labor.
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library