The Ricardian Model Assumes That the Marginal Product of Labor

question 47

Multiple Choice

The Ricardian model assumes that the marginal product of labor is:

• A) increasing.
• B) decreasing.
• C) constant.
• D) zero.

---

Definitions:

F Statistic

A ratio used in an analysis of variance test that determines the significance of groups’ differences in an experimental design.

ANOVA

An acronym for Analysis of Variance, a statistical method used to compare the means of three or more samples.

Main Effect

The direct effect of an independent variable on a dependent variable in experimental and statistical analysis.

Step-aerobics

Step-aerobics is a form of aerobic exercise that involves stepping on and off a raised platform, often to the rhythm of music, to improve fitness and cardiovascular health.