In the Long Run,by Increasing Total Factor Productivity,technological Progress

question 12

Multiple Choice

In the long run,by increasing total factor productivity,technological progress

• A) reduces both the capital utilization rate and the level of employment
• B) creates unemployment
• C) prevents the economy from going into a steady state
• D) raises the steady-state capital stock
• E) reduces the capital-labor ratio

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Definitions:

Mother Culture

A concept in anthropology referring to a culture that influences and gives rise to other cultures through diffusion or conquest.

Olmecs

An ancient Mesoamerican civilization known for its significant achievements in art and architecture, particularly colossal head sculptures.

Mesoamerican Mexico

Refers to the region and cultural area in the Americas, made up of Mexico and Central America, known for its pre-Columbian civilizations, such as the Aztec and Maya.

Human Sacrifice

The act of killing one or more humans as part of a ritual, intended to please or appease gods, spirits, or the deceased, found in various cultures throughout history.