Assume That an Economy Is in Equilibrium When Technological Progress

question 42

Multiple Choice

Assume that an economy is in equilibrium when technological progress causes an increase in total factor productivity.Once the economy has adjusted to its new equilibrium,and assuming that the supplies of capital and labor remain unchanged,which of the following has increased?

• A)the real wage
• B)the share of capital income in national income
• C)the share of labor income in national income
• D)all of the above
• E)none of the above

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Organizational Outcomes

The results or consequences of an organization's actions, including its performance, employee satisfaction, and financial health.

Immediacy

Refers to the degree of directness and closeness in communication or interaction, often used to create a sense of urgency or intimacy.

Reciprocity

A social norm of responding to a positive action with another positive action, rewarding kind actions.

Romance Of Leadership

Involves people attributing romantic, almost magical, qualities to leadership.