Which of the Following Would Have the Greatest Impact on Output

question 108

Multiple Choice

Which of the following would have the greatest impact on output in a country based on the production function form: Output = A × f(L, K, H, N) ?

• A) a 5% increase in entrepreneurial ability and technology
• B) a 5% increase in the level of human capital
• C) a 5% increase in the amount of land
• D) a 5% increase in the amount of capital

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