Generally Speaking Technological Progress Leads to Higher Output

question 23

Multiple Choice

Generally speaking technological progress leads to higher output

• A) purely because it raises the productivity of capital
• B) purely because it raises the steady-state capital stock
• C) because it raises both the productivity of capital and the steady state capital stock
• D) purely because it increase the capital stock for a given production function
• E) purely because it raises the output produced by a given capital stock

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Definitions:

Threats

Expressions or actions indicating an intention to cause harm or force someone to do something against their will.

Reliance

The act of depending or counting on something or someone, often used in legal contexts to describe a situation where one party bases a decision on the assurances or promises of another.

Misrepresentation

The act of providing false or misleading information with the intent to deceive someone into entering into an agreement.

Duress

Unlawful pressure brought to bear on a person, causing the person to perform an act that he or she would not otherwise perform (or refrain from doing something that he or she would otherwise do).