Empirical Studies About Whether Differences in Income Per Person Result

question 81

Essay

Empirical studies about whether differences in income per person result from the differences in the quantities of the factors of production or the differences in the efficiency with which the factors are employed find that there is a positive correlation between the quantity of factors and the efficiency of use. Interpret this positive correlation.

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Definitions:

Hypotensive

Relating to or suffering from low blood pressure.

Pulse Grade

A scale used to measure the strength or amplitude of the heartbeat felt through the walls of peripheral arteries.

Wrist Blood Pressure Monitor

A portable device used to measure blood pressure, designed to be worn on the wrist for convenience.

Home

A place where an individual lives, often considered a place of residence or domicile.