Author Question: If rapid population growth reduces the amount of capital per worker, thereby lowering labor ... (Read 58 times)

casperchen82 · **on:** Jun 30, 2018

If rapid population growth reduces the amount of capital per worker, thereby lowering labor productivity, it is referred to as:
a. age dependency.
b. capital budgeting.
c. investment diversion.
d. capital disinvestment.
e. capital shallowing.

Question 2

A deadweight loss occurs as a result of a per-unit tax because:
a. the government spends tax dollars less efficiently than do private citizens.
b. there is a decline in output for units for which the marginal benefit exceeds the marginal cost.
c. taxes cause an overproduction of output relative to the socially efficient level or production.
d. a surplus is created.