If the Quantities of Labor and Capital in an Economy

question 4

Multiple Choice

If the quantities of labor and capital in an economy each increase by the same x percent,which of the following will increase by x percent?

• A)marginal product of capital
• B)economic profits
• C)share of capital income in national income
• D)rental price of capital
• E)none of the above

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Definitions:

Inversion Valve

is a type of valve used in air brake systems of heavy vehicles, which inverts the supply of air pressure to different parts of the system, aiding in the management and control of braking force.

Emergency Braking

The act of applying the brakes quickly and forcefully to stop a vehicle in the shortest possible distance in response to an emergency.

Significant Loss

A considerable reduction in value, functionality, or quantity of something, often financially quantified.

Secondary Circuit

An auxiliary or additional circuit that works alongside or provides support to the main electrical circuit.