This topic contains a solution. Click here to go to the answer

Author Question: From the Cobb-Douglas production function we learn that there are two sources that help explain ... (Read 85 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
From the Cobb-Douglas production function we learn that there are two sources that help explain cross-country differences in per capita income: ________ and ________.
 
  A) capital; labor productivity
  B) labor share of income; TFP
  C) TFP; capital per person
  D) labor per person; capital
  E) none of the above

Question 2

The danger in using data to estimate the consequences of a proposed policy is that ________.
 
  A) the data can reveal only the benefits of a policy, while estimating the policy's costs is important, also
  B) policies change so often that data can never reveal which policies are the cause of which consequences
  C) the public's expectations about the policy might influence the data, making the policy seem more or less appropriate than is actually the case
  D) the proposed policy, if implemented, might cause unforeseeable changes in the relationships that were in operation when the data were produced



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alvinum

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

C

Answer to Question 2

D




SO00

  • Member
  • Posts: 568
Reply 2 on: Jun 30, 2018
Gracias!


upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

For a complete list of videos, visit our video library