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Author Question: The Soviet Union consistently increased the amount of capital available to its workers, but found ... (Read 87 times)

rl

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on: Jun 29, 2018
The Soviet Union consistently increased the amount of capital available to its workers, but found that increases in capital resulted in progressively smaller and smaller increases in GDP per worker. This phenomenon is referred to as
 
  A) diminishing returns to capital. B) a rising standard of living.
  C) new growth theory. D) a shift of the per-worker production function.

Question 2

Unemployment caused by a business cycle recession is called cyclical unemployment.
 
  Indicate whether the statement is true or false


quynhmickitran

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


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