Consider Two Countries, Labeled 1 and 2 $Y = \bar { A } _ { i } \bar { K } ^ { 1 / 3 } L ^ { 2 / 3 }$

question 102

Multiple Choice

Consider two countries, labeled 1 and 2. Each has the production function $Y = \bar { A } _ { i } \bar { K } ^ { 1 / 3 } L ^ { 2 / 3 }$ , i = 1, 2. If the only difference between the two countries is that A₁ > A₂,

• A) Country 2 will not produce anything, ceteris paribus.
• B) Country 2 will produce more than Country 1, ceteris paribus.
• C) Country 1 will produce more than Country 2, ceteris paribus.
• D) Each will produce the same amount, ceteris paribus.
• E) Not enough information is given.

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Definitions:

Intensive Crises Intervention

Immediate and dedicated assistance provided during severe, acute crises to prevent further deterioration or to manage the situation.

Home Setting

The environment within someone's place of residence, influencing their daily life and behaviors.

Cultural Values

The deeply held beliefs that are shared by a group of people, shaping their behavior and perceptions of the world.

Norms

The unwritten rules or standards of behavior that are considered acceptable within a group or society, guiding members' actions and interactions.