The output an economy can produce with one unit of capital and one unit of labor is ________.
A) indicated by the A variable in the Cobb-Douglas production function
B) commonly referred to as labor productivity
C) a variable that depends on how many units of capital and labor are available
D) all of the above
E) none of the above
Question 2
One difference between futures and options contracts is
A) funds change hands daily in the case of options but not with futures.
B) funds change hands daily in the case of futures, but not with options.
C) in the case of futures funds only change hands when they are exercised.
D) futures are designed to reduce risk while options are not.
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Links to the World Economy
Biosynthesis of the repeating oligosaccharide unit of the O antigen of Salmonella typhimurium
Marginal Products of Physical and Human Capital
Capital’s Share of Income in a Cross-Section of Countries
Orientation and structure of a nephron, the functional unit of the kidney.