When a Production Function Is Graphed with Real GDP on the Vertical

question 21

Multiple Choice

When a production function is graphed with Real GDP on the vertical axis and labor on the horizontal axis,a rise in labor ________________________,and a rise in the technology coefficient __________________.

• A) shifts the production function upward; also shifts the production function upward
• B) moves us up along a given production function; shifts the production function upward
• C) shifts the production function downward; shifts the production function upward
• D) shifts the production function upward; moves us up along a given production function

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Definitions:

Sheetlike

Having a thin, broad shape resembling a sheet, often used to describe geological formations or layers.

Magma Chambers

Underground pools of molten rock located beneath the Earth's surface, which can feed volcanoes during eruptions.

Tectonic Settings

The environmental and geological conditions that relate to the movement and interaction of Earth's tectonic plates.

Continental Lithosphere

The solid outer layer of the earth that includes the crust and the uppermost mantle, specific to continents and characterized by its thickness and composition which differ from the oceanic lithosphere.