With the Production Function $Y _ { t } = A _ { t } K _ { t } ^ { 1 / 3 } L _ { t } ^ { 2 / 3 }$

question 52

Multiple Choice

With the production function $Y _ { t } = A _ { t } K _ { t } ^ { 1 / 3 } L _ { t } ^ { 2 / 3 }$ , if we double ________, we have a constant returns production.

• A) capital
• B) capital, labor, and the stock of ideas
• C) capital and the stock of ideas
• D) capital and labor
• E) labor and the stock of ideas

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Definitions:

Transitivity

A mathematical property indicating that if a relation holds between A and B, and also between B and C, then it must hold between A and C.

Kohlberg's Theory

A theory of moral development proposed by Lawrence Kohlberg, suggesting that individuals progress through a series of stages of moral reasoning.

Conventional Level

A stage in Kohlberg's theory of moral development where individuals adhere to rules and norms to gain social approval or maintain social order.

Autonomous morality

A stage of moral development in which an individual's moral reasoning is based on personal principles and understanding of right and wrong.