An Economy with Better Technology Is Likely to ________

question 36

Multiple Choice

An economy with better technology is likely to ________.

• A) use more labor than capital
• B) achieve higher productivity
• C) have a small physical capital stock
• D) have lower levels of human capital

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Definitions:

Easement

The right of a person other than the owner to use a portion of private property.

Prescription

A health care professional's formal instruction authorizing a patient to be provided a medicine or treatment.

Strata Regulations

Laws or rules governing strata properties, which are typically multi-unit housing complexes with individual ownership of units and shared ownership of common areas.

Federal Statute

Laws enacted by the national government that apply throughout the country.