« previous next »

Author Question: The aggregate production function of an economy shifts upward when ________ produce a higher output. ... (Read 131 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
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
Buy Test-Bank


bitingbit

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Pulmonary function test Pulmonary function test
Overview of protein structure and function Overview of protein structure and function
When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV. When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV.
How to find the indefinite integral of a function How to find the indefinite integral of a function
Calculator Output Calculator Output
Discrete random variables- Probability Distribution Function Discrete random variables- Probability Distribution Function
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library