Assume That Labor Is Measured Along the Horizontal Axis and Capital

question 39

Multiple Choice

Assume that labor is measured along the horizontal axis and capital is measured along the vertical axis.If the decreases as we move inward toward the origin along the ray (slope of the isoquant becomes flatter) ,we are observing

• A) neutral technological progress.
• B) labor-saving technological progress.
• C) capital-saving technological progress.
• D) both labor-saving and capital-saving technological progress.

Analyze the economic foundations of New England colonies in the seventeenth century.

Understand the economic and religious dynamics of New England in the sixteenth and seventeenth centuries.

Identify the factors that led to the publication of captivity narratives.

Comprehend the reasons behind the founding of Rhode Island and its democratic principles.