For Given Inputs of Labor and Capital, If Technology Is

question 20

Multiple Choice

For given inputs of labor and capital, if technology is more primitive, labor productivity will be

• A)higher.
• B)lower.
• C)unchanged.
• D)characterized by increasing returns to scale.

---

Definitions:

Confidence Interval

A variety of values taken from statistics of a sample, presumed to hold the value of a not yet known population attribute.

Equality of Means

A statistical hypothesis test to determine whether there is a significant difference between the means of two or more groups.

Population Variances

Population variances measure the degree to which each number in a set differs from the mean of the population, showing the spread or dispersion within the set.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is true.