A Ratio Expresses a Mathematical Relation Between Two Quantities and Can

question 186

True/False

A ratio expresses a mathematical relation between two quantities and can be expressed as a percent, rate, or proportion.

Understand the concept of constant returns to scale in production functions.

Understand the basic components and representations of a production function.

Grasp the concept of the catch-up effect and its implications on economic growth.

Explain the distinctions between different types of investments (foreign direct and portfolio) and their impacts on the economy.