"When Workers Have a Relatively Small Quantity of Capital to Use

question 128

Multiple Choice

"When workers have a relatively small quantity of capital to use in producing goods and services,giving them an additional unit of capital increases their productivity by a relatively large amount." This statement

• A)is an assertion that production functions have the property of constant returns to scale.
• B)is consistent with the view that capital is subject to diminishing returns.
• C)is inconsistent with the view that it is easier for a country to grow fast if it starts out relatively poor.
• D)All of the above are correct.

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Definitions:

Mental Illness

Various mental disorders that influence feelings, thought patterns, and conduct.

Eccentrics

Refers to the performance of eccentric muscle contractions, where the muscle elongates under tension.

Mental Disorders

Conditions that affect mood, thinking, and behavior, characterized by significant distress or disability.

Unique

Characterized by being one of a kind; having no identical counterpart.