If a Nation Moves Upward Along Its Per-Worker Production Function

question 55

Multiple Choice

If a nation moves upward along its per-worker production function relating output per worker to capital per worker,then:

• A)labor productivity rises.
• B)labor productivity falls.
• C)the amount of capital decreases,other things constant.
• D)labor input decreases.
• E)the productivity of capital rises.

---

Definitions:

Lower of Cost

A principle stating that inventory must be recorded at either its historical cost or market value, whichever is lower.

Market Valuation

The process of determining the current value of a company or an asset in the marketplace.

Constraints

Conditions or limitations within which a system, process, or project must operate.