If the Per-Worker Production Function Shifts Down

question 126

Multiple Choice

If the per-worker production function shifts down,

• A)it now takes more capital per hour worked to get the same amount of real GDP per hour worked.
• B)an economy can increase its real GDP per hour worked without changing the level of capital per hour worked.
• C)the per-worker production function becomes steeper.
• D)positive technological change has occurred in the economy.

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Definitions:

Flow Charts

Diagrams that depict the steps of a process or system, showing how each element connects.

Management By Objectives (MBO)

A management strategy that involves setting specific, measurable goals with each employee and then periodically reviewing the progress made.

Face-To-Face Meetings

Meetings conducted with participants physically present in the same location, promoting direct interaction.

Gantt Chart

A visual project management tool that outlines a project schedule, showing the start and finish dates of elements within a project.