Author Question: The aggregate production function of an economy shifts upward when ________ produce a higher output. ... (Read 91 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
The aggregate production function of an economy shifts upward when ________ produce a higher output.
 
  A) the same amount of capital and labor
  B) the same amount of capital and a higher amount of labor
  C) a higher amount of capital and labor
  D) the same amount of labor and a higher amount of capital

Question 2

The characteristic from which all economic problems arise is
 
  A) how to make a profit.
  B) political decisions.
  C) hunger.
  D) scarcity.
  E) providing a minimal standard of living for every person.


bitingbit

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

For a complete list of videos, visit our video library