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Author Question: Which of the following factors is most important as a source of sustained growth in material living standards? (Read 32 times)

lauraleepop

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on: Oct 12, 2022

Question 1

What is the definition of productivity?
◦ output produced per unit of input
◦ the cost of a unit of output
◦ a measure of input used
◦ the efficient use of technology
◦ output produced by a combination of two or more inputs

Question 2

Which of the following factors is most important as a source of sustained growth in material living standards?
◦ technological improvement
◦ population increase
◦ decrease in cost of capital
◦ changing relative factor prices
◦ capital-labour substitution
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lauraleepop on Oct 12, 2022

3ginamay

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Reply #1 on: Oct 12, 2022
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.
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lauraleepop

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

pangili4

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Reply 3 on: Yesterday
Wow, this really help

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