If the Per-Worker Production Function Is Y = Ak, Where

question 13

Multiple Choice

If the per-worker production function is y = Ak, where A is a positive constant, in the steady state, a:

• A) lower saving rate does not affect the growth rate.
• B) higher saving rate does not affect the growth rate.
• C) lower saving rate leads to a higher growth rate.
• D) higher saving rate leads to a higher growth rate.

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Definitions:

Genes

Units of heredity made up of DNA that are responsible for the inherited characteristics in living organisms, dictating the development and functioning of organisms.

Selective Breeding

The process by which humans use animal and plant breeding techniques to selectively develop particular phenotypic traits by choosing which typically animal or plant males and females will sexually reproduce.

Eugenics

A set of beliefs and practices aimed at improving the genetic quality of the human population, historically associated with morally controversial methods and ideologies.

Cloning

A process of creating a genetically identical copy of an original organism or gene.