If the Number of Workers in an Economy Doubled,all Other

question 90

Multiple Choice

If the number of workers in an economy doubled,all other inputs stayed the same,and there were constant returns to scale,productivity would

• A)fall to less than one-half of its former value.
• B)fall,but it would still be greater than one-half of its former value.
• C)stay the same.
• D)rise but less than double.

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Definitions:

Leisure Time

Free time not consumed by work or compulsory activities, where individuals can engage in activities of their choice.

Study Time

The dedicated duration individuals allocate toward educational activities to learn or enhance knowledge and skills.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to do one thing over another.

Coconuts

Tropical fruits with a hard shell, edible flesh, and water inside, often used as food or in beverages.