All Else Equal,in an Economy with an Upward-Sloping Production Function,as

question 33

Multiple Choice

All else equal,in an economy with an upward-sloping production function,as an economy accumulates more capital goods,

• A) the labour supply must increase.
• B) real GDP increases.
• C) the labour supply must decrease.
• D) the marginal product of capital will increase.

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Definitions:

Genetic Diversity

The total number of genetic characteristics in the genetic makeup of a species, contributing to differences within the species.

Genetic Equilibrium

Theoretical state in which an allele’s frequency never changes in a population’s gene pool.

Random Mating

A breeding pattern in which all individuals within a population have an equal opportunity to mate with each other, regardless of their genetic traits.

Directional Selection

A natural selection process by which one extreme phenotype is favored over other phenotypes, causing the allele frequency to shift over time in the direction of that phenotype.