Scenario: Assume the Following Aggregate Production Functions for Two Countries

question 43

Multiple Choice

Scenario: Assume the following aggregate production functions for two countries, A and B, respectively.
YA=A KA¹/² ᴴA¹/²
ʸB=A KB²/³ ᴴB¹/³
-Refer to the scenario above.Country B's aggregate production function is consistent with the fact that ________.

• A) empirically roughly one third of national income goes to labor and two thirds of national income go to capital
• B) increasing capital and labor by 10 percent each would increase output by 10 percent
• C) increasing capital and labor by 10 percent each would increase output by 20 percent
• D) empirically returns to capital are typically greater

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Definitions:

Paraphilia

Patterns of sexual interest that involve unusual objects, activities, or situations considered to be outside the norm of typical sexual behavior.

Premature Ejaculation

A sexual dysfunction characterized by ejaculation that occurs sooner than desired, either before or shortly after sexual penetration.

Exhibitionism

A psychiatric condition characterized by a compulsion to display one's genitals to an unsuspecting stranger for sexual pleasure.

Sexually Transmitted Infection

An infection transmitted through sexual contact, caused by bacteria, viruses, or parasites.