Author Question: According to new growth theory, the accumulation of ________ capital is subject to diminishing ... (Read 59 times)

craiczarry · **on:** Jun 29, 2018

According to new growth theory, the accumulation of ________ capital is subject to diminishing returns at the ________ level, but not at the level of the economy as a whole.

A) technological; personal B) knowledge; firm
C) physical; production D) physical; firm

Question 2

Refer to Figure 11-18. A curve that connects points A, D, and E is called

A) a total cost line. B) an expansion path.
C) an indifference line. D) an input-output curve.