Author Question: _____ is the ratio of an economy's output to its stock of labor and capital. a. Productive capacity ... (Read 160 times)

DelorasTo · **on:** Jun 30, 2018

_____ is the ratio of an economy's output to its stock of labor and capital.
a. Productive capacity
b. Multifactor productivity
c. Marginal product of labor
d. Workforce productivity
e. Total factor productivity

Question 2

For a given increase in price, the greater is the elasticity of supply, the greater is the resulting
a. decrease in quantity supplied.
b. decrease in supply.
c. increase in quantity supplied.
d. increase in supply.