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Author Question: The aggregate production function of an economy shifts upward when ________ produce a higher output. ... (Read 114 times)

sam.t96

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on: Jun 30, 2018
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.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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bitingbit

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


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