Because of Diminishing Returns,an Economy Can Continue to Increase Real

question 240

Multiple Choice

Because of diminishing returns,an economy can continue to increase real GDP per hour worked only if

• A)there are decreases in human capital.
• B)the per-worker production function shifts downward.
• C)there continue to be decreases in capital per hour worked.
• D)there is technological change.

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Definitions:

Sample Space

The set of all possible outcomes of a random experiment or event in probability and statistics.

Cards

Physical or digital items marked with identifiers, used for various games, information storage, or authentication purposes.

Independent Events

In probability, events that have no influence on each other's occurrence; the occurrence of one does not affect the probability of the other.

Probability

A measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1.