Over the Business Cycle, Factors Such as the Quantity of Capital

question 35

Multiple Choice

Over the business cycle, factors such as the quantity of capital, human capital and technology

• A) change drastically, fluctuating more than the quantity of labour employed.
• B) grow but do not fluctuate as much as the quantity of labour employed.
• C) do not grow and are therefore not the source of economic growth.
• D) fluctuate about the same amount as the quantity of labour employed.
• E) change randomly, sometimes growing, sometimes falling.

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Definitions:

Child

A young human being below the age of puberty or below the legal age of majority.

Painter

An artist who creates visual works primarily using paint as a medium on surfaces such as canvas, wood, walls, or paper.

Production Incentives

Rewards or benefits given to employees to motivate them to increase their output or efficiency in the production process.

Piecework

A payment method by which employees are paid a fixed rate for each unit produced or action performed, regardless of time.