Scenario: Country X Has 1,000 Workers

question 119

Multiple Choice

Scenario: Country X has 1,000 workers. The country's aggregate production function is YX = 1.5 KX²/³ HX¹/³, where KX = 1,000,000 and HX = 2,500,000.
-Refer to the scenario above.Country Y has exactly as many workers as Country X.Its total efficiency units of labor are equal to 3,000,000.This could imply that ________.

• A) Country Y has better technology
• B) Country Y's workers on average have less schooling
• C) Country Y has higher returns to labor
• D) Country X's workers on average have less schooling

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Definitions:

Biogeochemical Cycle

A natural process involving the circulation and transformation of chemicals in the Earth's ecosystems.

Food Webs

Complex networks of predators and prey showing the feeding relationships between organisms within an ecosystem.

Carbon Cycle

The series of processes by which carbon compounds are interconverted in the environment, chiefly involving the incorporation of carbon dioxide into living tissue by photosynthesis and its return to the atmosphere through respiration, decay of organisms, and the burning of fossil fuels.

Trophic Levels

The levels in an ecosystem, representing a step in the food chain or food web, characterized by organisms that share the same function in the food chain and the same nutritional relationship to the primary sources of energy.