The Elasticity of Output with Respect to Capital

question 50

Multiple Choice

The elasticity of output with respect to capital

• A)is the increase in output resulting from an increase in the capital stock.
• B)is the percentage increase in output resulting from a 1 % increase in the capital stock.
• C)is always greater than one.
• D)is the inverse of the elasticity of output with respect to labor.

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Definitions:

Ignition Switch

A switch that controls the electrical system's activation in a vehicle, often used to start the engine.

Cranking Current

The current drawn by an engine's starter motor during the cranking, or starting, process.

Hold-in Windings

Electromagnetic windings used to maintain the position of a movable armature or to hold a device in a certain position.

Starter Relay

The magnetic switch that when energized by the starter control circuit closes the high-current cranking circuit. Also known as magnetic switch or mag switch.