Which Term Refers to Refers to the Degree to Which

question 105

Multiple Choice

 Which term refers to refers to the degree to which the NS/CS and US occur close together in time? 

• A)consequence
• B)conflation
• C)contingency
• D)contiguity

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Definitions:

Production Function

An equation or model that describes the relationship between inputs used in production and the output of goods or services.

Catch-Up Effect

The theory that poorer economies will tend to grow at a faster rate than wealthier economies and thus converge in terms of income per capita over time.

Capital Per Worker

The amount of capital stock available per employee, used as an indicator of productivity and economic growth.

Produced Factor

A term that does not correspond to a widely recognized economic concept as described; thus, it's considered as NO.