Question

If Q is total real output, K is capital in use, L is labor employed, an increase in the productivity of labor would imply a(n):?

increase in Q/L.?

increase in L/K.?

decrease in (Q + K)/L.?

decrease in Q/K.?

?increase in K/L. Which of the following is true of the agricultural sector in developing countries?? ?It causes a rapid growth in the economy's national income. ?It relies heavily on technology. ?A very small percentage of labor force is employed in agriculture. ?Farm productivity is usually very low. ?It does not contribute to the exports of the countries. A primary requirement for development is: government control over the distribution of natural resources. a high confidence in foreign currency. a low and predictable inflation rate that encourages saving. government control over the production of essential consumer products. printing money to finance a large proportion of public outlays. Many developing countries were once under colonial rule, a system of government that:? ?did not offer any opportunity to the local population to develop entrepreneurial skills. ?believed in a free-market economy. ?offered the local population fewer opportunities to develop entrepreneurial skills. ?offered the local population large opportunities to develop entrepreneurial skills. ?offered immigrants opportunities to become entrepreneurs.