Better technology means that more output in the U.S. economy can be produced
Multiple Choice
with the same amount of energy input.
but it will lead to a fall in the standard of living.
with a greater amount of energy input.
but it will lead to a rise in population growth.
Better technology means that more output in the U.S economy can be produced with the same amount of energy inpupt. Or in other words, same output can be produced with less amount of energy input, that is output can be produced efficiently . Hence, option(A) is correct.
Better technology means that more output in the U.S. economy can be produced Multiple Choice with...
Policies that make it more difficult to fire an employee likely lead to: Multiple Choice 0 less unemployment, because everyone will value their job more. 0 greater unemployment, because employees will quit more often. 0 less unemployment, because employers will not be able to fire as many people. 0 greater unemployment, because employers will be more hesitant to hire someone. Growth accounting is seen a useful way to estimate this inputs contribution to growth: Multiple Choice labor. land. technology physical...
According to the Moore's law: Multiple Choice the demand for microprocessor technology falls in half every 18 months. the demand for microprocessors continues to rise, while their supply falls. the price of microprocessors continues to fall, while their cost of production increases. the cost of production of microprocessors continues to fall, while their power increases. the cost of microprocessors will increase as their power increases. Which of the following statements is true about the changing demographics of the global economy?...
As you saw in class multiple times, currently U.S. real per capita GDP (Y/pop) is $59,500. If it grew at 2% a year (about the rate for the last 150 years) in 50 years (more or less the year you're likely to be retired), it will be $160,149. If instead it grew at 2.5% a year, it will be $204,508 in the same year, which of course is substantially more (about 28%). What concept does this illustrate? Answer choices A....
Why would we see the prices on U.S. government bonds suddenly rise? Multiple Choice Bond prices can't rise or fall they are stable. If we had a sudden explosion of good economic news like lower unemployment, a booming stock market that returned average rates of return of 15 percent, or the signing of new peace treaties (i.e. Israel & Iran), then we would see bonds prices rise on U.S. government bonds. They would rise if there was suddenly lots of...
1.) When there is a standard batch size for production activity: Multiple Choice: (A) A modification of the traditional approach to constructing the flexible budget for control purposes allows for a more detailed analysis of batch-related overhead costs. (B) It is not possible to construct a flexible budget for cost-control purposes. (C.) Standard cost variances for only the variable portion of batch-related manufacturing overhead costs can be calculated. (D) The variable portion of the total flexible-budget variance for batch-related costs...
An economy produces with the production technology Y = F(K, EL) = K^1/3 (EL)^2/3, where E is a labor-augmenting technology. Population grows at 2% per year and E grows at 3% per year. The depreciation rate is 5% and the saving rate is 40%. The economy is in steady state. a. What is the growth rate of each of the following: K/EL, Y/EL, EL, Y, Y/L, K/Y, C b. At what rate do wages and the capital rental rate grow?...
dropdowns
1st - downward or upward
2nd - more or less
3rd - increase or decrease
4th - fall or rise
5th - bid up or not affect or reduce
For simplicity, assume that the supply of labor is not affected by real wages and is therefore a vertical line. An increase in capital shifts the production function because V output can be produced from the same amount of labor. V their demand for labor because the marginal benefit from...
I. Multiple Choice: Choose the alternative that best completes the statement or answers the question. 1. Production possibilities frontiers are typically concave (bowed out) from the origin because of the law of supply b. a. there is usually a one-for-one trade-off in resources used in production economies of scale enable firms to reduce the average costs of production as output rises d. c. the opportunity cost of a good rises as the quantity of the good produced increases e. resources...
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