If the Per-Worker Production Function Shifts Up

question 261

Multiple Choice

If the per-worker production function shifts up

• A)it now takes more capital per hour worked to get the same amount of real GDP per hour worked.
• B)an economy can increase its real GDP per hour worked without changing the level of capital per hour worked.
• C)the per-worker production function becomes flatter.
• D)negative technological change has occurred in the economy.

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Definitions:

Psychological Safety

A condition within a group or environment where individuals feel safe to take risks, voice their opinions, and be honest without fear of negative consequences.

Evolutionary Survival

The concept that behaviors and characteristics that improve an organism's ability to survive are more likely to be passed on to future generations.

Feedback Loops

Systems or processes where the output or result impacts or influences the input or action in a cycle, important in system regulation and learning.

Homeostasis

Homeostasis is the property of a system, such as the human body, to regulate its internal environment to maintain a stable, constant condition in response to changes in the external environment.