Suppose That There Are Diminishing Returns to Capital

question 25

Multiple Choice

Suppose that there are diminishing returns to capital.Suppose also that two countries are the same except one has more capital per worker and so it has more real GDP per worker than the other.Finally,suppose that the saving rate in both countries increases from 4 percent to 7 percent.Over the next ten years we would expect that

• A)the growth rate will not change in either country.
• B)the country that started with less capital per worker will grow faster.
• C)the country that started with more capital per worker will grow faster.
• D)both countries will grow and at the same higher rate.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Invitation

A written or verbal request to someone to go somewhere or to do something.

Submit Bids

The process of offering a specified price for goods or services, especially in the context of auctions or competitive tenders.

Reasonable Period

An amount of time which is fairly appropriate under the circumstances, often subject to interpretation based on the specific context.

Exact Period

A specific timeframe during which certain actions are to take place or conditions must be met.