"When Workers Have a Relatively Small Quantity of Capital to Use

question 128

Multiple Choice

"When workers have a relatively small quantity of capital to use in producing goods and services,giving them an additional unit of capital increases their productivity by a relatively large amount." This statement

• A)is an assertion that production functions have the property of constant returns to scale.
• B)is consistent with the view that capital is subject to diminishing returns.
• C)is inconsistent with the view that it is easier for a country to grow fast if it starts out relatively poor.
• D)All of the above are correct.

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Definitions:

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Arrays Of Structures

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