A country's capital stock decreased after a war while its labor supply remained constant. Which of the following will happen in this case if output is a function of capital and efficiency units of labor?
A) Its total output will remain constant. B) Its total output will decrease.
C) Its per capita output will remain constant. D) Its per capita output will increase.
Question 2
In a perfectly competitive market, an individual ________ has ________ influence over the market price of the good or service being sold.
A) buyer; basically no
B) seller; basically no
C) buyer; a great deal of
D) seller; a great deal of
E) Both A and B are correct.
Labor and delivery.
blood supply
The Solar Constant
Energy Use by Different Country Groups
Efficient Allocation of Labor between Sectors