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

Author Question: What does it mean when economists say that labor and capital are complementary inputs? What will ... (Read 69 times)

humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
What does it mean when economists say that labor and capital are complementary inputs?
 
  What will be an ideal response?

Question 2

In the United States in 2013, the Bureau of Economic Analysis began counting spending by firms and individuals on developing entertainment products as investment. This change will
 
  A) add to GDP.
  B) only change GDP if the development occurs within the borders of the United States.
  C) take away from GDP.
  D) not change GDP.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wilsonbho

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

Additional capital increases the productivity of labor. Likewise, capital is of very little use without labor to operate it.

Answer to Question 2

A


humphriesbr@me.com

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Wow, this really help

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
Who Gets Executed? Gender Bias in Capital Punishment Who Gets Executed? Gender Bias in Capital Punishment
North Korea: Labor Issues North Korea: Labor Issues
Two complementary angles are drawn such that one angle is 10 degree more than seven times the ... Two complementary angles are drawn such that one angle is 10 degree more than seven times the ...
Three queens, fertile females in species that have a reproductive division of labor. Three queens, fertile females in species that have a reproductive division of labor.
Summary of the inputs and outputs of photosynthesis. Summary of the inputs and outputs of photosynthesis.
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library