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Author Question: If Q is total real output, K is capital in use, L is labor employed, an increase in the productivity ... (Read 69 times)

segrsyd

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on: Jun 30, 2018
If Q is total real output, K is capital in use, L is labor employed, an increase in the productivity of labor would imply a(n):
 a. increase in K/L.
 b. increase in L/K.
 c. increase in Q/L.
 d. decrease in Q/K.
 e. decrease in (Q + K)/L.

Question 2

In order for something to be used as money, it must be _____.
 a. issued by the government
 b. issued by banks
 c. declared to be money
 d. generally acceptable
 e. made of something valuable


Mochi

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


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