Examlex
Suppose your university automatically logs you off of a university computer after 15 minutes of disuse. This is an example of a(n) _________ control.
Per-worker Production Function
A mathematical representation showing how the amount of output produced per worker varies with the amount of capital or other inputs used per worker.
Quantity of Capital
The total assets, both physical (such as machinery and buildings) and financial, that individuals or businesses use to produce goods and services.
Outward Rotation
An expansion of the production possibilities frontier, indicating an economy's increased capacity to produce goods and services.
Technology Improvement
Enhancements in technology that lead to more efficient production processes, higher quality products, or new products and services.
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