The Equation Has Two Important Implications

question 28

Multiple Choice

The equation
Has two important implications:

• A)Output per person tends to be higher when (1)the productivity parameter is higher,and (2)the amount of capital per person is higher.
• B)Output per person tends to be lower when (1)the productivity parameter is higher,and (2)the amount of capital per person is higher.
• C)Output per person tends to be higher when (1)the productivity parameter is lower,and (2)the amount of capital per person is higher.
• D)Output per person tends to be higher when (1)the productivity parameter is higher,and (2)the amount of capital per person is lower.
• E)Output tends to be higher when (1)the productivity parameter is higher,and (2)the amount of capital per person is higher.

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Definitions:

Eco-Tourism

Responsible travel to natural areas that conserves the environment, sustains the well-being of the local people, and involves interpretation and education.

Extinction

The process by which a species, genus, or family of organisms ceases to exist through death or inability to reproduce in its natural environment.

Values

Values are the principles or standards of behavior that are considered important in life or in a particular decision-making process.

Transaction

An economic event that involves the transfer of goods, services, or funds between two or more parties.