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

Author Question: The idea that the production function exhibits _______implies that ________. A) increasing ... (Read 43 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Jun 30, 2018
The idea that the production function exhibits _______implies that ________.
 
  A) increasing returns; output should increase steadily as technology grows
  B) constant returns; each additional unit of labor employed generates an increasing amount of real GDP
  C) diminishing returns; the Lucas Wedge increases at output increases
  D) increasing returns; potential GDP is always increasing
  E) diminishing returns; each additional unit of labor employed generates an ever-decreasing amount of real GDP

Question 2

A decrease in the personal income tax rate ________ disposable income which ________ consumption.
 
  A) increases; increases B) increases; decreases
  C) decreases; increases D) decreases; decreases
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ashley I

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
Reply #2 on: Jun 30, 2018
Correct answers!


Ashley I

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Dugongs (a) adjust their foraging behaviour as a function of whether or not tiger sharks (b) are hun Dugongs (a) adjust their foraging behaviour as a function of whether or not tiger sharks (b) are hun
A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a
Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ... Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ...
Fossil fuels production Fossil fuels production
State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below. State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below.
Gene products that are essential to mitochondrial function Gene products that are essential to mitochondrial function
Video: Wound Cultures

For a complete list of videos, visit our video library