If the Per-Worker Production Function Is Given by Y =

question 18

Multiple Choice

If the per-worker production function is given by y = k^1/2, the saving rate (s) is 0.2, and the depreciation rate is 0.1, then the steady-state ratio of capital to labor is:

• A)1.
• B)2.
• C)4.
• D)9.

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Definitions:

Mental Information

Knowledge or data that is processed, stored, and used by the mind, including facts, concepts, and sensory inputs.

Mirror Neurons

Frontal lobe neurons that some scientists believe fire when we perform certain actions or observe another doing so. The brain’s mirroring of another’s action may enable imitation and empathy.

Observational Learning

Acquiring understanding by observing the actions of others and the consequences that follow.

Biological Basis

The underlying physiological and genetic components that attribute to specific behaviors, traits, or conditions.